Ted Rall for August 27, 2001
Transcript:
In a stunning display of leadership, the federal reserve bank decides to take decisive action to stop our national economic free fall. The administration has high hopes for the economy now that interest rates have dropped to zero. At first the financial markets react with the joy of a shark chewing a tender young leg. Money is free! Buy everything! Kill everyone! Inevitably, the boom-bust cycle is triggered by corporate greed. Even at 0% interest, there isn't enough incentive for me to borrow money, invest it and create jobs... The paper. Work alone! I'll tell Alan to do better. Irrational exuberance yields to irrational pessimism... and the idea guys get back to work. They say they'll pay us to take their money. What are we, whores? Still too expensive and no raise for you. .