Mike Konczal on the Federal Reserve and Ways to Fix the Economy

“What the 2013 announcement by the Fed should optimally do is bind his (Bernanke’s) hands against contracting the economy too early. Think of it as Ulysses and the Sirens… Bernanke is basically tying himself to the post saying no matter what happens; no matter (what) creditors, rentiers and the top 1 percent think, I will not raise rates too early.”

– Mike Konczal on the Fed’s announcement to keep interest rates low through 2013

ChrossTalk Episode 11: Mike Konczal

Our interview with Mike Konczal is online. Konczal is a fellow at the Roosevelt Institute and the author of one of Time Magazine’s 25 Best Financial Blogs, Rortybomb.

He was recently on MSNBC’s “The Last Word” discussing Rick Perry’s stance on the Federal Reserve.

We’d like to thank Mike Konczal for joining us.

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One response to “Mike Konczal on the Federal Reserve and Ways to Fix the Economy

  1. This just in:
    Bernanke on boat. Sirens lure him onto rocky coast. Shipwreck. Bernanke lost at sea. American economy saved.

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