"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
Useful Idiot Muddles Monetary Policy Discussion Beyond Repair
WARNING: IF YOU ARE ACTUALLY GOING TO READ THE ARTICLE MENTIONED, KEEP SHARP OBJECTS OUT OF REACH
And gets destroyed by commenters for his propaganda. There's no way he can be this dumb. This is straight propaganda.
"The S&P declined by 12%, the Dow was off 12%, and the Nasdaq gave back 16% in a little less than two months after the “geniuses” at the Federal Reserve went ahead with their rate hike in December 2015."
How unbelievably clever. More and more people are learning about the Fed, and this asshole is muddying the waters of economic knowledge by saying that the Fed is full of idiots for raising rates…are you kidding me?
Granted, followers of liberty should be aware that there is no “good” Fed policy, except for abolishing itself. There should be no central planner of monetary policy at all, any agency or institution that has any legal right to mess with the money supply and tell free human beings what they can or cannot trade with.
The point is this guy is a shill.
“Ready or not, if the Fed does not back off, get ready for more evidence of that madness very soon.
Words to the wise.”
Right. What about “backing off” the monetary gas pedal? Why is that a bad idea? Keeping the monetary pedal to the medal is the opposite of madness?
Words to the dupes and slaves is more like it.
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