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Federal Reserve to responsible people: You chumps!

By Michelle Malkin  •  December 16, 2008 05:57 PM

I noted early and often that the government’s message to thrifty Americans over the last year has been: Stop saving. Start spending. Fools!

The Ant and the Grasshopper fable has been turned on its head.

The Federal Reserve’s move to slash interest rates to nothing is another nail in thrift’s coffin.

Pay your bills on time?


Posted in: Subprime crisis