Sounds like wise monetary policy to me. I suppose the S&P never considered the fact that the U.S. government can just print more money to pay its bills & future obligations when it downgraded its credit rating. Duh! Why are we even arguing over spending and deficits at all, when such an obvious solution to the problem is right before our eyes?
Pretty scary that this is the mentality of the former chairman of the Federal Reserve.
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Hat tip: Real Clear Politics.
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