Msg. 44318 of 45651 (This msg. is a reply to
44311 by
Decomposed)
Jump:
yup. posted the same yesterday,,,,,,,,,,,,,,,,
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
Heroin addicts, upon developing a severe case of shakes, will often turn to heroin as a 'cure.' How is that any different from what the United States is doing today?
Fed’s Evans Calls for More Easing, Warns of ‘Lost Decade’
By Aki Ito and Joe Carroll - Sep 26, 2012 3:17 PM ET
Bloomberg.com
Federal Reserve Bank of Chicago President Charles Evans said policy makers must not be passive in the face of high U.S. unemployment, firing back at critics of the Fed’s decision this month to step up record stimulus.
“We cannot be complacent and assume that the economy is not being damaged if no action is taken,” Evans said today in a speech in Hammond, Indiana. “If we continue to take only modest, cautious, safe policy actions, we risk suffering a lost decade similar to that which Japan experienced in the 1990s.”
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Evans has been among the most vocal proponents within the central bank for additional monetary stimulus. Reiterating a proposal, he urged policy makers to hold interest rates near zero until the unemployment rate falls to 7 percent or inflation rises to 3 percent.
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