The Federal Reserve Chairman was right to note the U.S. can't forever remain an unaffected oasis in an increasingly troubled world.

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Studies by the Brookings Institution, Johns Hopkins, and even the Federal Reserve Bank of San Francisco note the link between lack of opportunity and violence.

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On a side note: It is my hope that the Federal Reserve could find a way to use the funds received from the Term-Deposit facility program and re-purpose them through a different transmission mechanism that reaches the broader economy.

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