Originally Posted by Hawkeye

http://www.businessinsider.com/did-t...cession-2009-3

1. The Fed?s policy of intervening in the economy to push interest rates lower than the market would have set them was the single greatest contributor to the crisis that continues to unfold before us.

2. Making cheap credit available for the asking does encourage excessive leverage, speculation, and indebtedness.

3. Manipulating interest rates and thereby misleading investors about real economic conditions does in fact misdirect capital into unsustainable lines of production and discombobulate the market.

4. The Fed?s intervention into the economy can give rise to the boom-bust cycle, making us feel prosperous until we suffer the inevitable crash.