Financial Disasters

                 

I have often commented on aspects of the 2008/2009 financial meltdown, and how the severity of this Great Recession of the 1930s could also have been prevented, had there been a “hands-off” attitude by government. Instead, we got heavy- handed, ultra-expensive, political attempts.

                       

I bring this up once more because of the Federal Reserve’s continued easy money policy.

                       

The Fed has allowed itself to become a tool of administration fiscal policy and shows little independent monetary policy for its intended purpose. It helps guarantee future financial upheaval for this country unless an effort is made politically to change matters. We cannot depend on current Fed policies.(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)