Fed Hawks Turn Chicken – Ep 806
The Peter Schiff Show Podcast
00:00
The Fed Is Making the Same Mistake
The longer the fed takes to put interest rates where it believes rates should be, the more damage they do to the economy. This is exactly what allan greenspan did when he raised interest rates at a measured pace following the bursting of the dot com bubble and the september eleventh attacks. The fet is making the same mistake now. If it acknowledges that interest rates are too low, the faster it gets rates to where they should be,. the better.
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