The Looting Of America—Fed Style

Since the “Financial Crisis,” the role of the Federal Reserve shifted from its dual mandate of “full employment” and “price stability” to a seeming inclusion of a “third mandate” supporting consumer confidence via the inflation of asset prices. As Ben Bernanke stated in 2010: 

 

 

 

 

 

https://www.davidstockmanscontracorner.com/?p=401348&preview_id=401348&preview_nonce=161d3f3d43&_thumbnail_id=-1&preview=true