Fed Official: Print More Money (Again)

By Jack Hunter

Because it worked so well every other time, right? Reports Market Watch:

“The Federal Reserve should take further easing steps because the economy is ‘moving sideways’ and the labor market is in a recession-like state, said Charles Evans, the president of the Chicago Fed, on Tuesday.

‘I think we need to do more,’ Evans said in an interview with CNBC.

Evans is the first Fed official who publicly has supported additional easing.”

Evans thinks the Fed needs to “do more.” But every time the Federal Reserve “does more” quantitative easing (printing money) it does not help the economy–it damages it.

What’s the definition of insanity, again?

For the record, Ron Paul does not think the Fed should “do more.” He thinks it should do less. Much less.

Source: Ron Paul Campaign