Fed Loosens The Money Spigot Again


This means that ordinary people cannot protect their savings from inflation, pension plans and insurance policies are put in peril, and wealth inequality will increase further.

(From Mises)

While some free-market advocates tend to dismiss inequality as an unimportant metric, this is not a good approach when we’re talking about public policy. Fed policy — and resulting inequality — does not reflect natural trends arising from market transactions. Monetary policy is something imposed on markets by policymakers.

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