More Nitwittery from the Fed

I’m not sure why I keep posting these criticisms of the Fed because they all seem to read the same way and it’s a bit like pounding my head against concrete. I may think it is necessary, but it’s not going to make me feel any better. History will look back and point out the Fed’s many missteps (both from Greenspan and Bernanke) which made the difficulties we faced even worse than they were. As I felt at the start of this financial crisis (well, actually before it) government intervention is predictable and will make a situation which might have caused us a year or two of severe grief, into a situation that will affect us for decades to come as the powers that be fight the inevitable all the way into the economic dump heap of history.

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