{"id":4149,"date":"2010-06-28T19:16:37","date_gmt":"2010-06-28T23:16:37","guid":{"rendered":"http:\/\/www.nhteapartycoalition.org\/tea\/?p=4149"},"modified":"2010-06-28T19:16:37","modified_gmt":"2010-06-28T23:16:37","slug":"fed-about-to-go-amok","status":"publish","type":"post","link":"http:\/\/www.nhteapartycoalition.org\/tea\/2010\/06\/28\/fed-about-to-go-amok\/","title":{"rendered":"Fed About to Go Amok"},"content":{"rendered":"<p><a href=\"http:\/\/www.telegraph.co.uk\/finance\/comment\/ambroseevans_pritchard\/7857595\/RBS-tells-clients-to-prepare-for-monster-money-printing-by-the-Federal-Reserve.html\">The Telegraph<\/a><\/p>\n<p><strong>RBS tells clients to prepare for &#8216;monster&#8217; money-printing by the Federal Reserve<\/strong><br \/>\n<em>As recovery starts to stall in the US and Europe with echoes of mid-1931, bond experts are once again dusting off a speech by Ben Bernanke given eight years ago as a freshman governor at the Federal Reserve.<\/em><\/p>\n<p>Entitled &#8220;Deflation: Making Sure It Doesn\u2019t Happen Here&#8221;, it is a warfare manual for defeating economic slumps by use of extreme monetary stimulus once interest rates have dropped to zero, and implicitly once governments have spent themselves to near bankruptcy.<\/p>\n<p>The speech is best known for its irreverent one-liner: &#8220;The US government has a technology, called a printing press, that allows it to produce as many US dollars as it wishes at essentially no cost.&#8221; <\/p>\n<p> <a href=\"http:\/\/www.telegraph.co.uk\/finance\/comment\/ambroseevans_pritchard\/7857595\/RBS-tells-clients-to-prepare-for-monster-money-printing-by-the-Federal-Reserve.html\">Read more&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Telegraph RBS tells clients to prepare for &#8216;monster&#8217; money-printing by the Federal Reserve As recovery starts to stall in the US and Europe with echoes of mid-1931, bond experts are once again dusting off a speech by Ben Bernanke given eight years ago as a freshman governor at the Federal Reserve. Entitled &#8220;Deflation: Making [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4149","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"http:\/\/www.nhteapartycoalition.org\/tea\/wp-json\/wp\/v2\/posts\/4149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.nhteapartycoalition.org\/tea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.nhteapartycoalition.org\/tea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.nhteapartycoalition.org\/tea\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.nhteapartycoalition.org\/tea\/wp-json\/wp\/v2\/comments?post=4149"}],"version-history":[{"count":1,"href":"http:\/\/www.nhteapartycoalition.org\/tea\/wp-json\/wp\/v2\/posts\/4149\/revisions"}],"predecessor-version":[{"id":4150,"href":"http:\/\/www.nhteapartycoalition.org\/tea\/wp-json\/wp\/v2\/posts\/4149\/revisions\/4150"}],"wp:attachment":[{"href":"http:\/\/www.nhteapartycoalition.org\/tea\/wp-json\/wp\/v2\/media?parent=4149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.nhteapartycoalition.org\/tea\/wp-json\/wp\/v2\/categories?post=4149"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.nhteapartycoalition.org\/tea\/wp-json\/wp\/v2\/tags?post=4149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}