TribLIVE

| Opinion/The Review


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

The Fed's failings II

Daily Photo Galleries

Saturday, Nov. 9, 2013, 9:00 p.m.
 

In reporting about a Ponzi schemer, a journalist who wrote only about the net benefits to early investors would be properly accused of journalistic malpractice.

So, I was surprised by the front-page print placement and the 20 paragraphs given to The Associated Press news story “Fed will continue bond-buying policy” (Oct. 31 and TribLIVE.com) without it once noting where the money comes from to buy these bonds.

Nor did the story bother to mention the danger of asset bubbles, growing inequality of wealth or meager economic impact attributed to the Fed's quadrupling of the monetary base since 2008.

Benjamin Gross

Rosslyn Farms

 

 
 


Show commenting policy

Most-Read Letters

  1. Unhappy returns
  2. School funding
  3. Slots payments’ source
  4. Low blow
  5. Gas industry obfuscates the truth
  6. Out of ‘other people’s money’
  7. Care for our children first
  8. Obama’s VA
  9. Rhetoric & reality
  10. Incomprehensible hatred
  11. UAW won in Tennessee
Subscribe today! Click here for our subscription offers.