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The conventional thinking of Ben Bernanke, Tim Geithner, and others who control our money supply and financial system is that lower interest rates and more liquidity pumped into the economy create jobs and growth.

Unfortunately, their thinking is dead wrong.

Historically, both in the U.S. and in other countries such as Japan following a similar path of manipulating interest rates to artificially low levels and printing money via quantitative easing, excess liquidity has the effect of reducing future economic growth rather than increasing it. This may be counterintuitive, but it has a basis in sound economic principles. There are several reasons why.

Read the entire article on WorldNetDaily.com