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Let me know when people are ready to get down to brass tacks about the Fed; that it is an unconstitutional abrogation of the congress's powers, that it was crea
by arminiusreturns 8y ago
Let me know when people are ready to get down to brass tacks about the Fed; that it is an unconstitutional abrogation of the congress's powers, that it was created and passed under the most dubious of circumstances and by the most duplicitous group of people, and that the very banks that cause it's various crashes are the ones who own it and run it and bail themselves out. The FOMC is corrupt. The POTUS can do nothing other than appoint the board and hope they do what is needed.
People let the economists use word-salad to confuse and obfuscate matters, and this article is just naive whitewashing that does no root cause analysis and ignores the rca that has already been done.
when speaking about the financial system, I am often reminded of Ralph Waldo Emerson, "For a thousand hacking at the branches of evil, only one is striking at the root."