Bill Fleckenstein: The Fed Is Acting Like A Politburo

Fleckenstein doesn’t want the Fed acting as a politburo deciding interest rates in a room. He lists the reasons why: in the last 15 years the Fed blew and equity bubble, then a housing bubble, and now they want to print our way to prosperity.

http://www.businessinsider.com/bill-fleckenstein-barton-biggs-qe2-2010-11

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