monetary policy
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The immorality of central bank fiat monetary systems
I have posited for years that our modern day monetary system is insane. Aside from the obvious problems with moral hazards, the inflation tax and oh so many bubbles, lately events have conspired to illuminate a glaring example of the immorality of the system. First, let's consider the...- pmbug
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- inflation monetary policy
- Replies: 15
- Forum: PMBug's Vault
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Cato Study Concludes Fed Cannot Control Inflation
https://www.cato.org/blog/new-cato-cmfa-study-confirms-fed-ineffective-controlling-inflation I haven't dug in to the details of their study yet so I don't have any thoughts as to the validity of what's been posted here. Seems a bit off though. Fed's rate policy has a huge effect on credit... -
Our monetary system is insane
https://www.marketwatch.com/story/stock-market-investors-its-time-to-hear-the-ugly-truth-2019-01-05