Thursday, December 27, 2018

End It

Too many shadows
Whispering voices
Faces on posters
Too many choices
--Pet Shop Boys

Thomas Massie has the appropriate solution for those wringing their hands over Fed policy.
Unfortunately, ending the Fed is not what the president nor any other politician displeased with the Fed has in mind. Instead, politicians want central bankers who will do their bidding--i.e., to intervene in markets to their liking.

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