As a smart guest on CNBC once said...
China has central planning by mathematicians, engineers and scientists, and the US has central planning by lawyers. Neither is good, but by definition we lose.
Those central planners at the FED aren’t lawyers. They’re economists and financiers and I don’t care how ‘smart’ they are. Central planning always fails. We’re in this mess due to central planning. How about a little free market for a change?