However, the Fed did not want American consumers to be subjected to free market discipline that might otherwise reign in their non-stop spending. After all, reckless consumption was falsely believed to be the engine of our prosperity.
So the Fed fixed the price of credit (interest rates) well below the rate that would have been set by the free market. […]
Quelle: Bail me out Bernanke
Richtig. Der wahre Grund unseres Wohlstandes ist fossile Energie, die von uns in den letzten 150 Jahre zu einem Spottpreis und in unglaublichen Mengen verbrannt wurde.
