'I think the Fed's actions are counterproductive,' he says. The Fed's
intentions to jump start growth are actually working against the
economy, Grant argues.
'If it were as easy as printing money or creating credit to levitate an economy or to reactivate business activity the world would have been richer many generations ago,' he says...
'It is not a characteristic American economy,' he explains. 'What we are missing is a dynamism, the entrepreneurial zest and vigor that has characterized this country'...
In fact, Grant believes the Fed's perpetual low-interest rate policy will lead to the next big economic crisis in this country: the bursting of the bond bubble.
'If it were as easy as printing money or creating credit to levitate an economy or to reactivate business activity the world would have been richer many generations ago,' he says...
'It is not a characteristic American economy,' he explains. 'What we are missing is a dynamism, the entrepreneurial zest and vigor that has characterized this country'...
In fact, Grant believes the Fed's perpetual low-interest rate policy will lead to the next big economic crisis in this country: the bursting of the bond bubble.
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