Keynesian Central Bankers—The Useful Idiots Of Bubble Finance, Part 1

If you don’t think our Keynesian central bankers have gone off the deep end and beyond, just consider the latest missive from the research Department of the San Francisco Fed. These geniuses argue that the Great Recession would have been just half as deep and ended far more quickly if only the Fed would have confiscated tens of billions from retirees and savers by forcing interest rates into negative territory.

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