Dave Stockman calls out the Walrus
The overarching point here is that the great problems plaguing American society---scarcity of good jobs, punk GDP growth, faltering productivity, raging wealth mal-distribution, massive indebtedness, egregious speculative bubbles, fiscally incontinent government----are overwhelmingly caused by our rogue central bank. They are the fetid fruits of massive and sustained financial repression and falsification of the most import prices in all of capitalism-----the prices of money, debt, equities and other financial assets.
Sandbox fixes central banking, not a problem.
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