[amorphous]

Controversial.

Not sure it's what's going to happen now, but pretty sure it contributed to the Great Depression. Many people lost their land and assets to the rich during that period in our history.

[Chgogal]

Why didn’t the author bring up the negative interest rates in many western countries? US is the only major western power with a positive interest rate! WTF?????

[Georgia Girl 2]

Or Trump can simply have the US Treasury Dept issue its own bonds and cut the Federal Reserve out of the loop. There are people who believe this is exactly what he plans to do after the election. No congressional act needed. It effectively takes control of the Fed.

[trebb]

Face it, since the Fed came into being, all recessions/depressions have been caused by it and then they ‘save the day” by screwing with it for a while and then hose it again...they are political hacks and if they golfed, they would have 45 handicaps or more.

[semimojo]

I suggest that the Fed and most central banks deliberately create financial bubbles and then deliberately pop them through tightening in order to engineer economic crashes. This allows them to absorb hard assets cheaply while also increasing their social influence.

Interesting theory. Should be easy to test.

What hard assets were absorbed by central bankers after the 2008 crash?