Should We Kill the Fed

After 9-11, the Fed kept interest rates low"in one year as low as 1 percent.

That money flooded into the housing and stock markets. And in 2008, as the Fed tightened, the bubble burst. Now the money supply is again expanding, to rescue us from a crisis created by the previous expansion.

From:
http://www.chroniclesmagazine.org/index.php/2009/04/03/should-we-kill-the-fed/