When Expedient "Saves" Become Permanent, Ruin Is Assured
Jun 29th 2021 4:45pm EDT
When Expedient “Saves” Become Permanent, Ruin Is Assured Authored by Charles Hugh Smith via OfTwoMinds blog, The Fed’s “choice” is as illusory as the “wealth” the Fed has created with its perfection of moral hazard. The belief that the Federal Reserve possesses god-like powers and wisdom would be comical if it wasn’t so deeply tragic, […]
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