Fed Intervention Will Only Deepen The Pain
Oct 31st, 2008 | By Bill Bonner | Category: Politics & EconomicsBill Bonner says the Fed will make this slump longer and harder than it should be. Bernanke & Co are using every weapon in their arsenal to prevent deflation. But they tried this during the Great Depression. And Japan tried it in the 90s. And both times they only managed to deepen the pain.