"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
The Credit Squeeze Scare
"'The Federal Reserve Board chairman described the credit squeeze as being 'as severe as any supply-induced constraint ever, other than from policy actions.' That statement should help to prompt Congress into quick passage of the bank bailout bill, except this quote is from February of 1991, and the chairman at the time was Alan Greenspan.' More from Dean Baker."
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