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This is why I've always had a hard time finding Tyler Durden's work useful, he runs amok with a blind hatred for the Fed....the impotence of central bank policy actions during periods of over-indebtedness. ...
Lacy Hunt?
Tyler Durden?
This is why I've always had a hard time finding Tyler Durden's work useful, he runs amok with a blind hatred for the Fed....the impotence of central bank policy actions during periods of over-indebtedness. ...
The thing is that the Fed doesn't do national debt, that's fiscal policy and the Fed does monetary policy. We can thank the Fed for stable prices and we can thank the 111th congress for most of the national debt.
LOL!!! We're 100% in agreement on the fact that some people hate central banks --a hatred in the U.S. that goes back to the days of Nicholas Biddle....the evils of central banking...
--or works as well. We've tried all sorts of schemes but prices were never as stable as they've been with the fed and its FOMC:There is no other way of regulating money that works in America.
