Posted on 07/27/2014 10:28:41 AM PDT by expat_panama
While the growth we've seen is simply driven by market dynamics via technological growth.
Where's all the damage due to the many deflations pre-FED? We let the market decide and had very flexible booms and busts that allowed resets to occur and new, often explosive growth to occur. Today we're trapped by debt contracts that cannot ever be unwound. We're better off today in spite of, not because of the FED.
The market and technological growth are the real drivers. Managing economies is the thing of central planners. It's soviet thinking.
Supporting your point :-)
http://www.businessinsider.com/silicon-valley-hubris-inflection-point-2014-8
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