Continuing along in the same industry, the Chairman of the Federal Reserve Board

Continuing along in the same industry, the Chairman of the Federal Reserve Board, Ben Bernanke, has this wonderful plan to get the economy jump started. It is called quantitative easing but in layman’s terms it means our central bank, the Fed, is going to create $600 billion out of thin air («print money») and use it to buy back government bonds owned by the same financial firms discussed in the previous point. His hope is that the banks, flush with this new pile of money, will go out and start making loans, getting the economy growing again.

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