Game Over
Fed’s Policy: Asset price inflation for the rich. Consumer price inflation for the poor.
Fed’s Policy: Asset price inflation for the rich. Consumer price inflation for the poor.
“I am going to play the role of Morpheus for my readers.”
“Your weight gain will be transitory.
But you will remain fat afterwards”
– The Fed on inflation
Plato, in his ‘Republic’, tells us that tyranny arises, as a rule, from democracy.
Things were equally bleak in the 70s. Cowardice always lurks behind intelligence.
The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants – Thomas Jefferson