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If zero-percent financing were a panacea, Detroit would be booming. Free money hasn’t helped the automakers. But maybe, just maybe it’ll save the economy.

My favorite quotes these days are from economists crowing about how the Fed is using every weapon at its disposal to prop up the economy. Trouble is, the Fed is kind of like Poland’s cavalry going up against Nazi tanks in September 1939.

last_cav

We know how well that turned out for the Poles. Not so good for the Nazis in the long run, either. But they managed to do a hell of a lot of damage in a few short years before anyone figured out how to overpower them.

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If you can survive the Bush Boom, you shouldn’t be overly concerned about the coming Obama Crash

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