Is the US Economy Close to Hitting Bottom?

Probably not.

“Some commentators hold the view that the present economic crisis is the result of the Greenspan-chaired Fed’s extremely loose monetary policy between 2001 to June 2004. Yet for some strange reason the same commentators hold the view that Fed’s loose monetary policy since September 2007 has saved the economy from massive disaster. According to this way of thinking, at certain times pumping money is bad for the economy, while at other times it can be of great benefit. We find this logic extraordinary. Something that is bad cannot also be good. Printing money always undermines the bottom line of the economy. This is why it is always bad news.” – Frank Shostak

Link to complete article @ mises.org
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