Fed Misdiagnoses Economy, Then Prescribes a Placebo

Buffalo NewsAugust 15, 2011

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Summary


When a patient walks into a doctor's office complaining of a chronic condition, the first thing the physician does is take a medical history.

When did the symptoms start? Describe them. Have they gotten better or worse? Have you consulted a doctor previously, and if so, what did he prescribe? What was the response?

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Extract


Fed Misdiagnoses Economy, Then Prescribes a Placebo

When the economy is sick, a correct diagnosis is equally important in determining the course of treatment.

On the fiscal-policy side, the Obama administration and members of Congress can't agree on whether the U.S. economy's...

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