> populist decisions that work in the short term while crippling the value of the dollar in the long term. Got these anyway. ZIRP priced the middle class out o

> populist decisions that work in the short term while crippling the value of the dollar in the long term. Got these anyway. ZIRP priced the middle class out of equity ownership. That historic bull run is from goosing the numbers, not record productivity. The S&P was ~750 in 1990. Things are not 6x better. We should let treasury auctions decide the yield curve, not a committee of 12 people.