The National University System was established in 2001 to meet the emerging challenges and demands of education in the 21st century. The System is uniquely aligned to connect a diverse population of students to a network of innovative educational programs that are relevant to their lives, careers, and the marketplace and are delivered in a format that respects competing life priorities.
Roger Showley, SAN DIEGO UNION-TRIBUNE
Sunday, October 2, 2011
Kelly Cunningham, National University System
Answer: Yes
Stop attempting to help by interfering in the marketplace. The Fed’s latest “Operation Twist” policy further restricts credit availability for small businesses based upon the false premise that moving already historically low interest rates even lower will stimulate the economy into recovery. Low interest rates are part of the problem, not the solution. Increasing the costs of short-term borrowing and lowering returns on long-term loans puts further pressure on the profitability of an already beleaguered financial sector. Attempting to boost spending by increasing debt exacerbates structural imbalances underlying the U.S. economy and will make the inevitable crash more devastating.
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