Letters to the Editor

September 28, 2012 12:00 AM

Letters to the editor on the Fed, knitters, fluoridation, food police, medical information exchange

With its latest announcement to outright make/buy home mortgages, the Federal Reserve has transformed itself into the replacement for the failed institutions of Fannie Mae and Freddie Mac, but with one huge difference: The Fed will simply and shamelessly print the money it uses to make/buy home mortgages. It does not have to borrow that money honestly in a free credit market at fair interest rates from willing lenders like school pension funds or middle class retirees’ 401(k) accounts, which have recently been punished and are now being doomed by the Fed’s actions.

Related content

Suggested for you



Editor's Choice Videos