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Detailed text transcripts for TV channel - FOXNEWS - 20131028:05:57:00

pressured. they would tell each other, we re not going to let the inflation get out of hand this time. then the unemployment rate would rise. the whole climate of opinion was against them. e/ eventually, tight money did survive. but years later after the dot com bubble burst, they brut easy money back again. the fed softened the dot com crash with aggressive interest rate cuts. now the cuts sent off another boom. it was stimulating it put it into the housing, which create an unsustainable bubble in housing. we encouraged the housing boom. we, the federal reserve, urged a housing bomb. just hired by the fed to, we re not going to let prices fall. we are going to create enough dollar bills to lift prices of everything by a little. we didn t want to see people out of jobs. well intensioned. but the cons kwepss are, we

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