Wednesday, December 09, 2009
Damn, I should've seen this coming.
The effects of the last bubble are perhaps a little more serious (at least the effects are still with us), and it's amazing how often the Fed is being blamed now. I think the Congress's promotion of a real estate bubble had more to do with the problem myself, but that's becoming the minority view. It's not enough that kooks like Ron Paul are on the Fed's case. Now, famed Singaporean Jim Rogers is calling for the abolishment of the Fed, to prevent future bubbles and reduce inflationary risks. Wow.