“The U.S. cannot afford to have another lost decade. Or to see the dreams of another generation of Americans who had been told to take responsibility for their financial health by investing in the stock market dashed by failed monetary and fiscal polices.
Today, the most urgent task facing President-elect Barack Obama is stabilizing financial markets by instituting policies that foster economic growth and prevent the type of boom and bust cycle that has just wiped out a decade’s worth of wealth accumulation.” Read more.
“To Prevent Bubbles, Restrain the Fed”
Gerald P. O’Driscoll, Jr.
The Wall Street Journal, Nov. 17, 2008.