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
Friday, October 14, 2016
Kelly Cunningham, National University System
NO: The Fed does not recognize their unconventional policy actions are causing global stagnation. The U.S. economy has lagged since the financial crisis of 2008 because of distortions the Fed policies inflict on Treasury bond and money markets. The specter of more broadly intervening in capital markets would keep zombie companies in business, cause more deflation, and reduce profitability of well-run competitors. Extending credit to selected businesses confers preferential creditworthiness, amplifies distortions, and be dangerously fraudulent.
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