Friday, April 15, 2016

Bernanke's New Helicopter Money Plan 
Sheer Destructive Lunacy
David Stockman* warns the central bank driven economic & financial bubble is going to end badly .. highlights former Federal Reserve Chair Ben Bernanke's latest "contribution to the history of monetary crankery" - the Federal Reserve setting up a "loan account" that politicians can tap into at will - "Should the Fed act, under this proposal, the next step would be for the Congress and the Administration—through the usual, but possibly expedited, legislative process—to determine how to spend the funds." .. Stockman: "There is no such thing as economic growth or wealth that can be conjured by politicians spending Bernanke’s utterly counterfeit money." 
LINK HERE to the essay

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