Why Monetary Central Planning Is Doomed To Spectacular Failure

This week central planners pursued their primary mission with steadfast conviction.  They planned.  They prodded.  They prearranged tomorrow to save us from ourselves.  Some also grubbed a little graft for their trouble.Other central planners took to debasing the dollar to price fix the federal funds rate within a narrow band of tolerance.  What in the world do they think they’re doing?

 

 

 

 

 

 

 

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