http://www.nationalreview.com/kudlows-money-politics/274153/bernanke-rescue
Bernanke to the Rescue
August 9, 2011 5:28 P.M.
By Larry Kudlow
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Damn the torpedoes! Up periscope! Full speed ahead! Ben Bernanke and the Fed to the rescue!
In a startling move Tuesday, the FOMC announced that its zero-interest-rate target would be extended for two more years through the middle of 2013, marking the first time the target rate has ever been pegged to a date certain.
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Absurd!
The FED is the problem.
Let the market operate and reset the prices to value. Will folks take a hair cut? Yup. But remember Japan’s lost decade. How’s that working out for them? Want that here? Just let the Gooferment muck about with no plan!
Argh!
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