if only we all had a meme for the phrase “well isn’t that special”
lol
Try to convince me the FED isn’t political. Only when forced and faced with disaster do they act otherwise.
Truly the malevolent creature from Jekyll Island.
The banks make Woke loans to please the establishment and risky loans to make money knowing the establishment will bail them out.
P
Yes but the problem is the banking establishment. As a Von Mises follower my argument is that Central Banks should not be interfering in the market place. Decades of low interest rates, fought for by the politicians, has lead to high inflation. Attempts now to reign in that inflation via interest rate hikes appears to be sending the USA back into the recession.
I was just thinking ... KJ-P and Yellen are interchangeable ... they are both “women”, fools and consistently spout nonsense which makes them and their positions interchangeable.