Federal Reserve is Flying Blind on Inflation


I've never bought into the "Maestro" description of former Federal Reserve Chairman Alan Greenspan. Mostly because of, well, the 1987 crash, the 94 peasant massacre, his 96th irrational extermination speech, which increased the money supply before the non-existent Y2K glitch, which pick up gasoline The dot-com fire, lowering interest rates in the early 2000s to chase the ghost of deflation and then not boosting them fast enough to stave off the mortgage bill, leading to the financial crisis and the big recession. Other than that, Mrs Lincoln. . .

It …

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