Posted on 08/12/2011 9:57:29 AM PDT by radioone
Interest rate historian and contrarian guru James Grant put the double-whammy actions of Ben Bernanke and President Obama into perfect perspective Thursday when he noted that the Fed had moved past "central banking into central planning." Bingo! Grant went on to say that the Fed was "trying to impose prosperity through manipulation." Bingo again!
Think about that phrase -- "to impose prosperity through manipulation." It is brilliantly succinct and accurate in describing what is going on in our nation's economy.
(Excerpt) Read more at americanthinker.com ...
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