"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Madness of a Stimulating Fed
Submitted by Westernerd on Thu, 2013-05-02 03:00
The trouble with central banking is that it simply doesn't yield up rational conclusions. It resists analysis because anyone analyzing it can only come up with the conclusion that the Fed and central banks generally cannot logically fulfill any of their stated functions.
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