I Wish More Interviews are Conducted Like These
Part 1:
Part 2:
The first question was, essentially, "if you're such a believer in free markets, why do we need a Federal Reserve to set interest rates at all?".
The second question... Look what happened when the Fed slashed rates, said Stewart: the stock market, where rich people keep their money, skyrocketed. Now most of us work for a living, and keep our money in the bank, and the Fed has just reduced the interest rates that banks pay while rewarding the speculators in the stock market. Isn't it essentially taking from the working stiff and giving to the rich?
Labels: Alan Greenspan, Doug Feith, Jon Stewart, The Daily Show
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