A curious defense for Jay Powell: his money printing efforts and deceptions over the same are because he does see the warning signs and wants to get ahead of the curve. In other words, lying about Quantitative Easing is the best bad decision he can make. Suppose that's true. Suppose the Fed is stuck choosing between inflating asset prices indefinitely and triggering economic contraction and collapse. Since the collapse would be catalyzed by a failure to act, the choice to inflate is merely kicking the can down the road. When at last there is no more road, the contraction is then guaranteed to be collapse. In other words, Jay Powell is quite literally selling off the future to fund the present, and ignoring or hiding the fact that the future is tomorrow's present. Which makes QE a bad decision. If this bad decision is the best available to Powell and the Fed, we are well and truly screwed. https://m.theepochtimes.com/is-powell-playing-fed-games_3113228.html #news #economy #banking #finance #EndTheFed
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