What exactly does the U.S. Federal Reserve wish to achieve with its ‘quantitative easing’ (printing money)?
1. Raise the rate of inflation AND
2. By so doing, raise consumer expenditures.
The Kingpins of the Economy think that we still live in the age of CENTRALIZATION.
Let’s admit: our Kingpins are out of ammunition. And they will not repudiate their own intellectual philosophy by embracing Hayek, Reagan and the need for strong fiscal reform.