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“While the Consumer Price Index has insultingly reported a 0.6% increase for health insurance costs over the last year, we’re personally facing a 32% jump (+50% over 2 years), and millions more are in the same boat. Financial hits of this magnitude can be devastating. The blame for this is shared by many in Washington over many years, beginning with the Federal Reserve, which is restarting Quantitative Easing with asset prices charging to all-time highs in the interest of “reserve management.”
They’ve created a captive financial system reliant on permanent central bank liquidity rather than decentralized market liquidity. Previously, QE was the backup generator. Now it’s required just to keep the lights on. As a result of decades of mismanagement, every policy choice now boils down to accepting inequality or inviting a recession.”
Jayme Wiggins & Eric Cinnamond
Fed refused to cut rates, with two dissents.
End the Fed!
"America is supposedly about free markets, but somehow not that market. Why?"
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It seems that Fed employees know how to get rich betraying the public.