The Fed is trying to create inflation. The have forced down interest rates (the price of money) hurting savers. This has caused various bubbles in commodities, real estate, stocks, etc. This is the reason why gas and food prices have risen so much in the past 5 years. It is also the reason the wealthy are doing so much better, they own the assets in the asset bubble. These policies have hurt the poor and enriched the wealthy just like they did in the gilded age 80 years ago.
Posted on: Tue, 28 Jan 2014 07:28:06 +0000
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