Max Foolishness

But what a fool believes he sees
No wise man has the power
To reason away
--Doobie Brothers

Once again, spineless bureaucrats at the Fed left interest rates at the zero bound. One politician cheering the move was Maxine Waters, who stated that the Fed was exercising a "prudent and cautious approach to safeguarding our economy." Moreover, she suggested that ZIRP was what minorities need.

The opposite is in fact true. ZIRP widens the chasm between the rich and poor.

Foolishness of the Federal Reserve is only exceeded by politicians such as Maxine Waters who support this institution.