Growing the economy, part two: Fix the bad fiscal policy

Above is the full video of the press conference held by Fed Chairman Ben Bernanke held last week -- Thursday, September 13, 2012 -- as he announced yet another in a long line of "unprecedented levels of policy accommodation in recent years" (0:01:46). In our previous post, entitled "Growing the economy, part one: Get off of a 'War Footing'...
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Growing the economy, part one: Get off of a "War Footing" with monetary policy

As investors return from a three-day Labor Day weekend in the US, much of the talk in the financial media centers around the activity of the central banks, particularly the European Central Bank and the US Federal Reserve.  Many interpret Fed Chairman Ben Bernanke's comments at Jackson Hole last week as indicating...
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