ACC Archives

Tag: Federal Reserve
How Will Today’s Crony Debt Bubble End Up?

People’s QE? We doubt it, unless the cronies figure out how to profit hugely from it. Printing new money to bail out state pension funds and other government debts is more likely.

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...