Saturday, August 22, 2015
On the Fed Under Bernanke and Now Yellen
What these two schmucks have essentially done is solidify all of the economy's problems to the tune of one gigantic bubble machine (a stock market bubble, yet another housing bubble, a currency bubble, a government bubble, a student loan bubble, etc.) in which funds are constantly being misallocated . And trust me, folks, when this one pops, look out (the fact that you cannot have a stable economy on a foundation of bubbles; too many projects going belly-up, not being completed, etc.). It's gonna make 2000 and 2008 look like cake-walks.