Wednesday, September 19, 2007

All this Fed stuff can get confusing...

I think I may want to read Furby's book, The Age of Turbulence: Adventures in a New World, after watching him on The Daily Show tonight. After Jon Stewart asked him why the Fed seemingly rewards the large investments of the wealthy over the modest savings of the working class when it lowers interest rates, Greenspan retorted the comedian should read his book again. It seemed like a good question to me, and it sounded like I could get a good answer from the book. Based on Furby's simple and articulate talking points during the rest of their discussion, his book may actually be pretty enlightening. A lot more, anyways, than watching "The Briefcase Indicator" on CNBC, an old favorite of my mom's back in the day.

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