Economy in Worsening Shape

Fed Sees Action if Growth Doesn’t Pick Up Soon – WSJ.com.

I understand that people believe that something needs to be done, but what I do not understand is why they keeping beating the dead horse of central bank intervention.

If this crisis has proven anything, it is that intervention only works for a little while. When it wears off, the economy is right back where it started. In the meantime, we are accumulating the risks of money printing and a bloated Fed balance sheet.

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