WASHINGTON, July 2, 2014 /PRNewswire-USNewswire/ -- Watch this revealing 2 minute preview video here in Segment 3 of 6. Economist Allan H. Meltzer, Ph.D., is deeply concerned that by adding reserves the "Fed" creates enormous problems for the future, with trillions of dollars having to be absorbed back into the system without creating another inflation or recession, thereby creating world chaos. He notes in this January 2014 interview that $1 trillion has been added to total reserves, even after reducing reserves by $10 billion per year, and that $2.5 trillion sits idle on bank's balance sheets.
Full Disclosure Network® continues its historic Internet TV series examining the Federal Reserve System and its proper role in an interview with Allan Meltzer, Ph.D., Professor, Carnegie Mellon Tepper Graduate School of Business, Senior Fellow at Hoover Institute, and author of a three-volume history of the Federal Reserve. Dr. Meltzer warns that unemployment rates have dropped, but mostly because many people have left the labor force, discouraged, and it doesn't make for a sound economy. Watch the full video at this URL. http://www.fulldisclosure.net/2014/07/fed-reserve-danger-quantitative-easing-655-3/
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Quantitative Easing Now, Financial Pains Later
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SOURCE Full Disclosure Network