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Get rid of the Federal Reserve which is owned & staffed by and owes its singular loyalty to private banking interests.
There is no reason why the cost to borrow money should not be set by the free market; the Federal Reserve perverts the free market setting of such costs, and literally destroys private enterprise and destroys economic productivity in doing so.
The Fed Funds Rate is a bastardized artifice designed solely to enrich the financial and rentier sector.
Strategist
2016 Nov 12, 5:18pm
The Fed Funds Rate is a bastardized artifice designed solely to enrich the financial and rentier sector.
The Federal Funds Rate is just the rate at which banks lend each other their excess reserves. Very little meaning to the Average Citizen.
Get rid of the Federal Reserve which is owned & staffed by and owes its singular loyalty to private banking interests.
A modern economy like ours needs the Federal Reserve to function. It's the White House that usually screws things up.
Get rid of the Federal Reserve which is owned & staffed by and owes its singular loyalty to private banking interests.
Fed Res! Fed Res! Fed Res!
"private" is the word!
UNREGULATED FREE MARKET CAPITALISM!
DIE! If you don't like it!
Gary Anderson
2016 Nov 13, 1:54am
A modern economy like ours needs the Federal Reserve to function. It's the White House that usually screws things up.
The article I posted is simply saying that if White House stimulus is too forceful, the Fed could end up behind the curve when it comes to raising rates. And yet, if they raise them too fast, they will destroy the monumental collateral value that underpins the derivatives markets.
Gary Anderson
2016 Nov 13, 1:56am
The best path for the Feds to take should be determined by the feds, and feds only.
Unless the Fed is not accurately measuring the economy. Then they are flying blind. Read the article and quit being so lazy.
http://www.talkmarkets.com/content/economics--politics/projecting-a-fed-rate-path?post=112317&page=3&uid=4798
Dr Edward Lambert sees economic trouble coming no matter what Trump tries to do.
He says: "Stan Fischer of the Federal Reserve says rates need to go up gradually. So if capacity utilization goes up gradually, everything should be alright. However, there is a possibility that the Fed rate will need to go up faster than some at the Fed are prepared for depending on if the fiscal stimulus is aggressive." So, what Dr Lambert is saying is that once inflation increases, the Fed has no model to predict effective demand, meaning they will fail to raise rates fast enough to keep up with capacity utilization.
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