Never underestimate the effect that endless rules, regulations, a myriad of taxes and an anti carbon energy policy over eight years has on business development and wealth formation. If creative entrepreneurs allowed and encouraged to do what they do best, the role of the Fed would be much different. Interest rates would naturally rise as those entrepreneurs would compete for capital and raise interest rates due to increased demand. The Fed would be worried about “inflation” and an “overheated economy”. Right now all they are doing is the equivalent of monitoring the air conditioning in a funeral parlor.
“Never underestimate the effect that endless rules, regulations, a myriad of taxes and an anti carbon energy policy over eight years has on business development and wealth formation. If creative entrepreneurs allowed and encouraged to do what they do best, the role of the Fed would be much different.”
+1