Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Thursday 1 March 2012
Ben Bernanke Defends Low Interest Rates
In his semi-annual monetary policy report to Congress, the chairman of the US Federal Reserve, Ben Bernanke, defends his strategy to keep interest rates near a record low until 2014. Unemployment rates in the US have gone down from 9.1% in August 2011 to 8.3% in January 2012. Bernanke says the economy has to strengthen to ensure the unemployment rate keeps falling
