The San Francisco Fed leader says letting the jobless rate fall to very low levels has had big benefits
Inflation is among the most powerful forces in financial markets, but too much or too little can send the economy spiraling. Here's how it works, and how the Fed works to regulate it. Photo composite: Dom Amatore for The Wall Street Journal
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
I wonder if it is a mere coincidence that wealth began to be concentrated in the immediate wake of giving the Fed unbridled power over credit following the events of 15 AUG 1971. Of course I don't have a PhD in economics so I will defer to the geniuses at the Fed.
SFFED is likely concerned about today's enormous concentration of wealth. Well, she shouldn't have a hard time finding its source - the Fed! 'Inflation is the surest way to fertilize the rich man's field with the sweat of the poor man's brow.' See Bastiat also.
these Fed apparatchiks need to all go to prison, or at very least get real jobs.
I guess she didn’t live through the seventies.
Oh yeah, inflation is awesome now.
one thing we know for certain that economists don’t know much.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Next market crash: Two Fed-driven bubbles will burst in Q2, BAML says - Business InsiderBANK OF AMERICA: There's glaring evidence that 2 market bubbles are fast approaching their destruction. Here's how exactly they will burst. What does it say, your paywall is blocking me Interesting...but I'll have to wait till YahooFinance does an article on it unfortunately At least Wall Street can be better prepared for this one.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Bong's 'Parasite' focuses on plight of South Korea's poor - Business InsiderBest-Picture-winner 'Parasite' highlights the deepening inequality that has young and poor South Koreans describing their lives as a hellish nightmare That deepening inequality is reflective of our reality. A story that resonates with most people and told with great story telling skills made it Oscar worthy. Perhaps it's a cautionary tale...that the working class has a breaking point and sooner or later....🙄 This is agitprop. Only two of the “poor” characters were young and the story wasn’t about national scale “inequality”. I'm watching it now. Great movie! 👍
Source: BusinessInsider - 🏆 729. / 51 Read more »
Next market crash: Two Fed-driven bubbles will burst in Q2, BAML says - Business InsiderBANK OF AMERICA: There's glaring evidence that 2 market bubbles are fast approaching their destruction. Here's how exactly they will burst. What does it say, your paywall is blocking me Interesting...but I'll have to wait till YahooFinance does an article on it unfortunately At least Wall Street can be better prepared for this one.
Source: BusinessInsider - 🏆 729. / 51 Read more »