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Fed Official: How to Unwind?
Jan 7th, 2013 @ 02:24 pm › Tom Woods
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Philadelphia Fed President Charles Plosser warns that scaling back the Fed’s balance sheet without causing further damage to the economy could be difficult: “If it doesn’t go smoothly, we may do more damage to the economy in terms of instability, or a rise in unemployment. I think those concerns are real and we should take them into account.”

But Bob Murphy had the problem nailed in this article, and doubtless even earlier than that.

Categories: Blog
  • Anonymous

    Our economy is founded upon a network of production, savings, investment, and labor. Then consumption happens.

    Distort the former, severely and beyond reason, and you will see a result in the latter.

    Talk of ‘unwinding’ is accepting their argument that any of this is legitimate.

    Sadly, the tragic and inevitable future which would be a moment of clarity and sanity will surely be blamed by Krugman types on a market too free.

    These people don’t debate or consider. They’ve built a wall and will hide behind it until it comes crumbling down.

  • Anonymous

    God knows, but out of a vestige of hope for and faith in humanity I want to see history someday acknowledge this too.