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Link: Storms on the Horizon – FRB Dallas

Richard W. Fisher, President of the Federal Reserve Bank of Dallas, delivers a clear and concise warning about the dangers of government entitlement spending and the long term health of the economy.

Even the perception that the Fed is pursuing a cheap-money strategy to accommodate fiscal burdens, should it take root, is a paramount risk to the long-term welfare of the U.S. economy. The Federal Reserve will never let this happen. It is not an option. Ever. Period.

I sure hope so but it doesn’t look that way to me.


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