The latest attempt to restart the economy has got America talking. In fact CNBC’s Dylan Ratigan is talking about it with Barbara Walters.
On the ABC show “The View” Walters as well as Whoopi Goldberg and the other co-hosts sat down with Dylan to better understand how Tuesday's Fed action affects them -- and our economy.
At first they wanted to know if the decision to bring the Fed funds rate near zero would mean that consumers could get loans at or near zero percent.
Of course, that’s not the case. But it did lead to an interesting discussion about where all the government action is heading. (And I have to say I have yet to hear it explained quite as clearly or succinctly as Ratigan explained it to Walters.)
He said, “We are willing to gamble on the future of our currency -- and the future of our children in an effort to try and re-start an economy that our bankers and politicians allowed to come to a grinding halt.”
“We’re going to pump trillions into the economy in a hope that we can get it to come back up and pay all the money back before the currency runs into trouble and we have real inflation. That’s the gamble.”
And that leads to our Fast Money Reader Poll. Will the gamble payoff? Do you think the economy will come back before we have real inflation?
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CNBC.com with wires