Congress has lost its mind...

[lookout123]

Originally Posted by Redux

A recent study found more entrepreneurs starting new businesses in 2009 than at any other time in the past 14 years....in part, because, even with tight lending, money is cheap right now as a result of the current Fed policy.

I think you'll find new businesses tend to launch more as unemployment climbs.

Originally Posted by lookout123

I think you'll find new businesses tend to launch more as unemployment climbs.

I agree..but the point is, it can be further stimulated by monetary policy, which has been the focus of the Fed short=term policy.

And fiscal policy as well. I would suggest the small business tax incentives in the stimulus bill helped to some degree and so did the bank bailouts.

Without all of the above, credit certainly would have been much tighter than it is at present.

[Griff]

Are you saying that loose monetary policy, which was a major driver in our near collapse, is going to save us now?