The Fed’s New Bubble (Masquerading as a Jobs Program)
October 16, 2010 at 11:02 AM EDT
The latest jobs bill coming out of Washington isn’t really a bill at all. It’s the Fed’s attempt to keep long-term interest rates low by pumping even more money into the economy (“quantiative easing” in Fed-speak). The idea is to buy up lots of Treasury bills and other long-term debt to reduce long-term interest rates. It’s [...]