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Back to Earth

By Paul McLeary

For the better part of a decade, there has been a steady stream of books written about Bill Clinton, the voracious, talented, perplexing and deeply flawed manchild of American politics. Just last year political snake oil salesman Dick Morris published his abysmal bow to his new employers at FOX News, Off With Their Heads, in which he tears apart Clinton, claiming,… return to article

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    * The Fed, unconvinced about the strength of the recovery, refused to raise interest rates, thereby allowing growth, and bad investments, to continue unabated.

    * The Fed, under cover of its vaunted independence, was largely driven by the views of the financial markets; it gave their inflation-related worries far more weight than laborís unemployment-related worries.

    These above two statements from the article seem contradictory to me.

    United States Posted by Paul Tracy on Jan 18, 2004 at 9:15 PM
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