Jun
10
The Lords in the Fed, from Victor Niederhoffer
June 10, 2015 |
The lords in the Fed have a dilemma. On one hand they wish to keep the agrarians in office. And they know that if they raise rates, the economy will slow. On the other hand, the longer they keep transferring wealth from the “total” to the holders of short term wealth, the greater the ultimate rate of inflation.
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