The Warren Buffett Economy——Why Its Days Are Numbered (Part 4)

As documented in Parts 1-3 (Part 1, Part 2, Part 3), the Fed has generated a $50 trillion financial bubble since Alan Greenspan took the helm in August 1987. After 27 years, honest price discovery has been destroyed, thereby reducing the nerve centers of capitalism—-the money and capital markets—-to little more than gambling casinos. Accordingly, speculative rent-seeking in […]
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