My finances look scarier than Nancy Pelosi before a Botox - TopicsExpress

My finances look scarier than Nancy Pelosi before a Botox injection. I’m worse off now, than when the Great Recession started in 2008. That’s when the Federal Reserve tried, “The Grand Experiment,” dropped interest rates and bought back trillions of dollars in Treasury bonds. The Fed admitted on Wednesday that the experiment is coming to an end. In an article published in Foreign Affairs, two economic experts, Mark Blyth and Eric Lonergan, claim the Fed could have done better by giving every American household $56,000 to boost the bottom. Using a term coined by noted conservative economist, Milton Friedman, former Fed chairman Ben Bernanke proposed dropping cash-from-helicopters to bail out Japan in the 90’s. According to Yahoo Finance, liberal economist, John Maynard Keynes proposed giving away money during the depression of the 1930s. Here’s what this means. There’s nothing to see here, citizens. Move along - while the Federal Reserve experiments on us like financial lab rats. Steve Brandau bit.ly/ZaoOcP

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