ACC Archives

Tag: Fed
The Idea That the Fed Is ‘Independent’ Is Absurd

The Federal Reserve is the prime mover of crony capitalism and the Fed chair is arguably the second most powerful person on earth. But he’s not the most powerful, that is still the US president. (Most of the time.) (From...

The Federal Reserve’s Shell Game

(From FEE) The Federal Reserve is a key component of the US government’s wealth redistribution apparatus. Under the guise of “macroeconomic management,” it redistributes vast amounts of wealth on an ongoing basis through inflation. The victims of these transfers are...

Home prices surge, accelerate across the country

All across the country house prices are rising. And the price increases appear to be broad in nature. Caution is the word for homeowners and prospective homeowners. (From CNBC) Home prices nationally were 6.7 percent higher than their peak in...