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Peter Schiff: How Can Reinflating Real Estate Prices Be All You've Got?

2 years agoNews : Reason

The Federal Reserve Bank "has checked into the Roach Motel of monetary policy," says Peter Schiff in a new rant about Fed Chairman Ben Bernanke's latest harebrained scheme.  Variously called Operation Twist, Quantitative Easing 3, and (by Schiff) Operation Screw, the new Fed plan to buy $40 billion worth of high-risk debt at low interest rates each month until morale improves is, Schiff says, the kind of thing that should make Bernanke a figure of fun for all Americans.
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