richardhutnik on 10 August 2010
What exactly is the Fed supposed to do, when it has interest rates set to near zero? Is it going to run ads that tell people to not save and to borrow more, because it is their patriotic duty? I think it is time for people to decouple their futures from what the Fed does. Also, maybe the Federal government can stop lying about what inflation is. If the government can't figure out what is going on, maybe it can start by not lying to themselves.
If real deflation comes, despite them doing all this, maybe it is a sign that things are systemically broken with the economy. I am sorry government, but I am not working now. I can't spend to drive the economy when I have no income. Maybe you can get me something called... a job?
