Our Economy’s Real Problem: The Fed’s Easy Money

There is distortion and malinvestment throughout the world economy. It’s everywhere. From Japan to Europe to China to South America to the USA and beyond the economy is misfiring thanks to the massive monetary experiments of the world’s central banks of the past 6 years. (And even before that.)

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Thomas Sowell: Why do we continue to listen to the Federal Reserve? They’re almost always wrong.

Sowell’s right. The Fed over its 100 year history has been consistently wrong and has often exacerbated crises not ameliorated them. Both the Great Depression and the Great Recession are examples of this.

But don’t tell a Keynesian this.

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Goldman Sachs Takes Over the Bank of England

Technically one of their alums is taking over the Bank of England, Mark Carney, but it is pretty clear that the “vampire squid” now holds sway over nearly the entire European banking system.

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Goldman Sachs Tells Washington What To Do – Again

You will recall how a former CEO of Goldman Sachs, Hank Paulson, ran the Crash of ’08 as Bush’s treasury secretary by getting an ethics waiver so that he could talk almost every day with Lloyd Blankfein, CEO of Goldman Sachs.

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War, and Rumors of War?*

It is a sad fact that when the world economy goes into a nasty tailspin, especially for extended lengths of time, war often accompanies the economic chaos.

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