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
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.