"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Learn to Stop Fretting Over Higher Rates and Love the Fed
Submitted by Emmett Harris on Tue, 2014-07-22 00:00
“With the U.S. economy expanding at a slower pace and less wage growth to pressure inflation.” When the definition of inflation is conflated with its symptom – rising prices, is it any wonder that most still don't recognize the Fed as the primary culprit causing inflation?
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