Jungle I respect your views on monetary and fiscal policy, however I respectfully disagree.

- I'm assuming that you believe Milton Friedman's approach to economics from previous posts. To say that monetary policy and fiscal policy are different animals is to ignore the impact of Keynesian economics on the US and specifically the FRB. Milton Friedman talks about the impact of deflation/inflation/ depression in the 30s/ gold standard

YouTube - Milton Friedman explains role of gold in Great Depression.

The sub-prime debacle mirrors US monetary policy in regard to artificially low interest rates.