Wednesday, May 16, 2018

The Fed holds government hand

Williams Says Fed's Era of Market Hand-Holding Is Nearing an End

And Williams is required to lie about the issue

The required fraud in central banking is not needed in sandbox, we automate the seigniorage stream, make the central bank pit subsidize government as implied by the imbalance contract.  If you want cheap government rates then you  have to suffer occasional Congressional theft.  In sandbox, faking it not needed, robots have no bias.

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