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Politics : President Barack Obama
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To: Road Walker who wrote (112087)4/3/2012 8:52:57 PM
From: RetiredNow  Read Replies (1) of 149317
 
That much is true. It's a great reshuffling of cards. The low interest rates are causing this action. But there are other costs. It's a purposeful re-allocation of capital from one part of the economy to another. I would much prefer to see the free markets do the clearing, not the Fed. It is arrogant to think a handful of people can make better decisions than millions acting in concert to reach economic equilibrium.
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