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To: catfish1957

The government ran up $8 trillion in debt prior to 2008 with no help from the FED. If irresponsible congressmen want to spend, they’re going to spend FED or no FED.

The FED only got involved because unemployment soared, which is what they are supposed to do. That’s their legal mandate.


137 posted on 06/26/2013 6:23:15 AM PDT by DannyTN
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To: DannyTN
The FED only got involved because unemployment soared

My take is they acted in '08 because of rampant deflation --the Fed's primary task.  Unemployment (secondary) came later.

141 posted on 06/26/2013 6:29:48 AM PDT by expat_panama
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