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Our Government-Created Financial Crisis

markinalpine Wrote: Dec 12, 2012 1:10 PM
Just announced on the 12 O'Clock news, the Fed is now "committed to monthly purchases of $45 billion in Treasuries on top of the $40 billion per month in mortgage-backed bonds it started buying in September. Read more: http://www.foxbusiness.com/economy/2012/12/12/fed-policy-decision/#ixzz2ErW130Eu" I think I'll go out and buy some more firearms and ammunition.

Suppose you saw a building on fire. Would you seek counsel from the arsonist who set it ablaze for advice on how to put it out? You say, "Williams, you'd have to be a lunatic to do that!" But that's precisely what we've done: turned to the people who created our fiscal crisis to fix it. I have never read a better account of our doing just that than in John A. Allison's new book, "The Financial Crisis and the Free Market Cure."

Allison is the former CEO of Branch Banking and Trust, the nation's 10th largest bank. He assembles...