Earlier I had posted my prediction that the Fed is hopelessly always going to be dominated by banking interests due to regulatory capture. Fortunately, there are sometimes public servants in government who feel an obligation to do what is best…
Blog Archives
The Fed Ignores Its “Dual Mandate.” Its True Purpose Is Helping Banks.
As I posted earlier, the Fed does not care that the majority of Americans are still in the depths of a recession because the Fed doesn’t even bother to track data about the median American. But this is just showing…
Mutilitarianism At The Fed
The US Federal Reserve (Fed) is the one and only institutions that is specifically in charge of fighting recessions and lowering unemployment. It used to be such a controversial institution that it was prepared for rioting. The Chicago branch of…
Medianism 