http://www.epictimes.com/2014/08/fed-follies-central-bank-continues-to-force-economy-in-wrong-direction/
Indeed, it was the concern around 2003 that America might experience a
period of generally falling prices that led team Greenspan-Bernanke to
undertake an episode of monetary expansion and low interest-rate
manipulation for a five-year period that generated the housing,
investment, and consumer debt bubbles that finally burst in 2008-2009.
The result was the “great recession” from which the U.S. economy has
still not fully recovered.
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