Wall Street boomed again on Wednesday, supposedly on the news that the Federal Reserve, Europe’s central bank and banks in several other nations added liquidity to the markets through temporary interest rate reductions. But can the U.S., Great Britain and others really afford this? Is this a major intervention that will stabilize the Euro zone or are we just delaying the inevitable pain? And would a Euro collapse actually be the best thing for Europe? We discuss it all with Nile Gardiner, director of the Margaret Thatcher Center for Freedom at the Heritage Foundation.
