• Fed Chairman Ben Bernanke, an expert on the Great Depression, understands the ravages of debt deflation and his every action has been to prevent it from occurring. It is one of the reasons why, on September 13th, 2012 the Fed included an explicit inflation target in its policy statement for the first time.
  
• Greater care must be taken in the future to ensure that our fiat based, fractional reserve system does not run amok. This is why regulators are demanding that banks raise capital, reduce their proprietary trading activities, and shift their business models closer to a utility-style model.
  
• The Fed is the only game in town – awaiting anxiously, and building a bridge to, a time when Washington will devise solutions to the many economic challenges facing the United States.
  

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Source: Ce zic "Centralele" acum