Trump is right to blow up the Fed

The American Conservative/Christopher Whalen/4-9-2019

“The biggest problem facing the financial markets today is that the folks at the Fed have no appreciation for how their policies are affecting the real economy. Ten years of inflation, open market manipulation, and other experiments have left the U.S. burdened with trillions of dollars in new public and private debt. The December market break was a direct result of the fact that Fed officials do not really understand the real-world consequences of their actions.”

USAGOLD note:  Whalen makes a strong argument that the Fed is operating outside its legal mandate and asks “Is the Fed meant to be free of any real-world restraint on its actions?”

Repost from 4-9-2019

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