This video was going around last week. David Stockman, former director of the Office of Management and Budget under President Reagan, said the "Fed was injecting high grade monetary heroin into the financial system of the world and one day it will kill the patient". Uh oh. BloombergTV clip from 11/4/2010 after the jump.
Related: Bernanke at Jacksonville University on Commodity Price Increases, Fed Balance Sheet and How They Aren't Printing Money (11/5/2010) [Link]
David Stockman: Fed Monetary Heroin Injection Into Financial System Will One Day Kill The Patient (Video)
11/06/2010 06:48:00 PM | via @Dvolatility |