ITE - Fed Lowering Interest Rates Will Do Little To Fix Our Ills

Years ago before the "Bernanke has all the answers" era, many of us criticized Japan for failing to own its problems. In many ways, the Fed has put America and the global economy on a path that mirrors the same unsuccessful path taken by Japan. This path avoided real reform and bailed out the very people that caused many of Japan's problems leading to "lost decades" of growth. It is difficult to reconcile the two points of view where we have people calling for more rate cuts while others claim the economy is strong and

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