"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
New Neutral Looms for Yellen-Carney When Stimulus Removed
Submitted by Emmett Harris on Tue, 2014-03-18 00:00
“When Federal Reserve Chair Janet Yellen and Bank of England Governor Mark Carney begin lifting interest rates from record lows, investors are betting the benchmarks stay below historic averages.” Because the house of cards depends on inflation. Eventually, however, even that will fail.
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