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Are the Fed's recent interest rate cuts good for consumers?

Results so far:

Yes
59% 35 votes Total: 59 votes
No
41% 24 votes

the letter and spirit of conspiracy to wage a war of independence against King George III and England most assuredly would, if not caught and taken to the gallows to hang together, would most assuredly all hang anyway, but separately. To my mind, so it goes also, though I profess no public policy experience or credentials as an econometrician to say so, with our economic or any other macro-scaled woes.

Of course, many will be quick to counter with the argument that Payne's sentiments were expressed in a wholly different context and purpose, having zero if anything to do with discussion of prime lending rate cuts and the Federal Reserve's unquestioned role as quarterback of our world's modern dollar-centric global economyone that even in their wildest dreams and imaginings would have been an enigma to Payne and his revolutionary-minded contemporaries, despite the undisputed resonance of what he had to say being consonant with and poignant in trying to express the point about our collective need nowadays to "hang together", as well as to "spend" in all the positive ways that matterat least insofar as national and supra-national economic activity and marketplace health and government intervention, public policy and other interventionist corrective measures are concerned.

It's all too easy to fall victim to, mindlessly accept and actually come to believe in the doom and gloom proclamationsor worsetouted by all the many talking heads, economic and business news analysts, financial page columnists, and countless others who waft words our way every day about economic woes that threaten to grow from a drafty and discomforting breeze into a full, gale-force wind of disaster. Those who buy into and accept without question or thinking the veracity of such pervasive pessimism, such prattling predictions, are more than ignorant and unwittingly victims to the pith of the pitfalls in what's being perpetrated. Far worse is that, to the extent that vast numbers of people buy into this cry of an espied economic grim reaper lurking just over the horizon, such thinkingemerging as it does from that great cradle of the mind, where all that we are has the potential to transform and morph itself wellspring of rational and irrational thought and cognitive feelingcan be freely unleashed to feed most fatally the predicted predicament itself, that which need NOT be a self-fulfilling prophecy, but which is capable of being manifested precisely because so many believe it to be unavoidable,


Below are the top articles rated and ranked by Helium members on:

Are the Fed's recent interest rate cuts good for consumers?

Yes
  • 1 of 2

    by skywriting-on-vapor s

    Let's SPEND our way forward, I say, to repudiate the pundits, politicians and public policy "experts" who proclaim an economic

    read more

  • 2 of 2

    by Arch Barnes

    Reason for Fed Funds Rate Cuts Now Clear

    So now we know. Or at least we have been given (yet again) information as to why

    read more

No
  • 1 of 3

    by Tom Koecke

    The Federal Reserve Boards reduction in the rate can be best categorized under the heading "Desperate Measures." The government

    read more

  • by Joanne Harris

    No, I don't believe that the Federal Cut will be good for consumers. Most of the recipients will not use the extra money

    read more

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