>> Personal finance and monetary policy are not similar even though they both involve money. That's what central banks want you to believe: that what they are

>> Personal finance and monetary policy are not similar even though they both involve money. That's what central banks want you to believe: that what they are doing is something special, "God's work" - as some drunk Goldman Sachs executive put it. Truth is: law of economics are pretty much like laws of physics - they work the same in small and large scale. It is no coincidence that Great Depression happened in 1929, mere 16 years after FED was created - that was just a first of many consequences of central bank's irresponsible actions.