When Profitable “Saves” Become Permanent, Ruin Is Assured
By / July 22, 2021The Fed’s “choice” is as illusory as the “wealth” the Fed has created with its perfection of moral hazard. The belief that the Federal Reserve possesses god-like powers and knowledge would be funny if it wasn’t so deeply awful, for the Fed doesn’t even have a plan, much less knowledge. All the Fed has is […]