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Potemkin Economy

Posted By Bosch Fawstin On February 1, 2013 @ 12:39 am In Cartoon Corner,Daily Mailer,FrontPage | 21 Comments

After news of a “surprise contraction” [1] of .1 percent in the U.S. economy during the fourth quarter of 2012, the Fed decided to continue its $85 billion monthly bond-buying stimulus [2]. What¬†could possibly go wrong? My cartoon below was based on an idea by Amy Peikoff [3].

[4]

 

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URLs in this post:

[1] “surprise contraction”: http://www.cnbc.com/id/100419252

[2] bond-buying stimulus: http://www.reuters.com/article/2013/01/30/us-usa-fed-idUSBRE90T0TF20130130

[3] Amy Peikoff: http://dontletitgo.com/

[4] Image: http://frontpagemag.com/2013/bosch-fawstin/potempkin-economy/potemkin_edited-1/

[5] Click here: http://www.amazon.com/s/ref%3dnb_sb_noss?url=search-alias%3Ddigital-text&field-keywords=david+horowitz&rh=n:133140011%2ck:david+horowitz&ajr=0#/ref=sr_st?keywords=david+horowitz&qid=1316459840&rh=n:133140011%2ck:david+horowitz&sort=daterank

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