The Wallstreet Journal: The US Government Is Contributing to the Panic - by Jonathan Macey
For the complete report from the WSJ.com click on this link
The US Government Is Contributing to the Panic - by Jonathan Macey
Despite all the hard work and good intentions on the part of our public officials, when economists and historians look back on the current financial crisis they are likely to conclude that government intervention prolonged and deepened it. In particular, officials at the Federal Reserve, the Securities and Exchange Commission and the Treasury Department are to blame for publicly losing confidence in the very economic system they are supposed to protect.
Labels: US, US Economic Meltdown
