The Fed Giveth, And The Fed Taketh Away

Central bankers are master counterfeiters. Counterfeiting is morally wrong. It is also economically wrong. But this is the world we live in. Many think that these people are in control and can micromanage trillions of individual decisions by printing money and issuing incomprehensible press releases. Like a pyromaniac that sets things on fire and comes to the rescue, they are now called “the committee to save the world”. Some committee. The Federal Reserve balance sheet went...