SubscribeAll Posts Tagged With: "financial instability"
National Security Reality: Credit Is The Lifeblood Of Our Economy
In a speech before the London School of Economics a week ago, U.S. Federal Reserve Chairman Ben S. Bernanke offered a perverse economic theory in his quest to gather support for never-ending Wall Street bailouts.
Said Bernanke: "This disparate treatment, unappealing as it is, appears unavoidable. Our economic system is critically dependent on the free flow of credit, and the consequences for the broader economy of financial instability are thus powerful and quickly felt."
In other words, credit is the lifeblood of our economy, and the continued operation of credit providers is actually an issue of…
26Jan2009 | Money Morning | 1 comment | Continued
Loading ...
