The Fed Won’t Avert The Next “Crisis,” They Will Cause It.

The problem with low interest rates for so long is they have encouraged the misallocation of capital. We see it everywhere throughout the entirety of the financial system from consumer debt, to subprime auto-loans, to corporate leverage, and speculative greed.           https://www.davidstockmanscontracorner.com/?p=380030&preview_id=380030&preview_nonce=8e56c6bfeb&_thumbnail_id=-1&preview=true
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