Kurt114 Wrote:
Feb 02, 2013 6:20 PM
I don't think extricating us from debt is Bernanke's concern. By holding interest rates artificially low he hopes to do two things. One is to stimulate consumption via consumer and business debt. The other is to prevent the federal government from imploding under the weight of the cost of servicing the national debt. By doing the second thing, enabling more deficit spending, he in effect is allowing politicians to continue to indulge their vice and drive us further into economic oblivian. Time for a little tough love.