Tuesday, December 13, 2005

No Way to Run an Economy

Just read this over at Breitbart (AP release):

"The Federal Reserve is expected to hike interest rates another quarter point today. But after 18 months in which the Fed has been pushing rates higher to keep inflation under control, the central bank appears to be getting close to the end of its rate increase campaign. However, there is a divergence of opinion among economists on just when the rate increases will cease. One group thinks the Fed will stop after two more rate increases, while analysts who are more worried about inflation think the central bank could raise rates perhaps four more times."

Good grief. How can anyone run their business or invest in the future with that kind of uncertainty? This is nuts. And when I think that the buck will not stop here.


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