Earlier today, the Federal Reserve cut the fed funds rate by three-quarters of a percentage point, and the Fed has also recently been pumping large amounts of liquidity into the financial markets.

A keen observer will note that only a few years ago, the economy faced similar recessionary pressures, and the Fed started aggressively cutting interest rates at that time, which in turn helped fuel hyperactivity in the mortgage markets. Now the financial markets are dealing with the fallout from those previous actions, and the Fed is again slashing interest rates and dumping liquidity on the markets.

Unfortunately, I feel that until we as a nation start to address some of the underlying issues and disparities facing our economy, the actions of the Federal Reserve are akin to a ship captain who pours the crew's water supply overboard in an attempt to float a beached vessel.

Furthermore, I feel the role of the government in matters like this should not be that of a drunken ship captain, but that of a lighthouse, a shining beacon illuminating risks with a guiding light that beams boldly into the darkness of uncharted territories.