Comments about ‘Topic of the day: Bernanke press conference’

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Published: Thursday, June 20 2013 2:50 p.m. MDT

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Sandy, UT

Anyone who insists on calling the American economic system a "free market" needs to review some basic economic theory. As long as the economy is driven by a government-created monopoly called the Federal Reserve, the economy will never be correctly called a fee market. Only the Fed is legally permitted to issue bank notes. Fed actions largely determine the cost of money, i.e. interest rates. Control of the money supply and interest rates results in virtual control of the economy itself, a far cry from any free market.

Sandy, UT

Quantitative easing is a euphemism for money-printing. Paul Krugman is seriously mistaken when he urges its continuation. The longer it persists, the greater the fall of the economy will be. QE is simply unsustainable. On top of that, the idea that QE primes the economic engine is pure myth. The eventual collapse of quantitative easing is inevitable. The only question is how much of the economy will go down with it.

one vote
Salt Lake City, UT

He saved the modern economy when Bush was confused. It has been based on "money-printing for last hundred years. Is gold at 3000? By the way, the new economic power is Communist China.

Joan Watson

This muddled no win situation comes when a nation becomes a debter nation vs a lender nation.

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