Crazy Fed Bank Policies!

When you read what the Federal Reserve is doing to contribute to restoring our economy, you note that they are giving banks money at virtually no interest rate. It is intended to support banks so that they will provide more credit to our citizens, permitting our economy to grow. However, this money is being used by the banks and investment firms to "make money" that provides no social value. There is no increase in our productivity. There is only more money being made by these firms. We continue the same procedures that got us into the mess in the first place.

Pearlstein's column poignantly focuses on the problem to the point that it is ludicrous.