How the Fed took control of the economy

Axios/Dion Rabouin

Repost from 4-9-2021

graphic illustration of a money printing machine
“To brace the U.S. economy and stave off another Great Depression, the Federal Reserve has taken control of it through unprecedented intervention — manipulating market prices, controlling rates and propping up companies on a previously unimaginable scale. The U.S. is a market-run, capitalist economy. But the market is ostensibly now governed by an unelected and largely independent group of technocrats that directs it by creating ridiculous sums of money to buy assets.”

USAGOLD note: A strong, some would say even bold, take on the Fed policy from Axios’ Dion Rabouin. Several analysts pointing to the same set of circumstances have cautioned, “this cannot end well.”

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