Letter: Taking the punchbowl away | AspenTimes.com

Letter: Taking the punchbowl away

Well, well, well — the Federal Reserve Board finally did it. As a “Fed watcher” since 1960, I see no damn reason except to enrich bankers when they raise interest rates. These are the same people who caused the meltdown starting in 2007 by raising interest rates 525 percent from 2001 to 2006. They are at the trough again.

The Fed is famous, as the economy improves, for taking the punchbowl away just as the party is beginning.

Sen. Rand Paul has a bill approved to ask the Fed for accountability for their actions.

The scary part of the Fed’s scenario is we are promised more raises because there may be inflation. Bye-bye, punchbowls.

Richard C. Goodwin

Snowmass Village

Support Local Journalism

Support Local Journalism

Readers around Aspen and Snowmass Village make the Aspen Times’ work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Each donation will be used exclusively for the development and creation of increased news coverage.


Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User