Conspiracy? They’re Not Smart Enough

Every so often people tell me that Fed policy is some sort of conspiracy to favor this group or that group–usually the big financiers on Wall Street. Thus tight money policies favor Wall Street over the poor guy who can’t find a job. Then when the Fed adopts QE we are told that easy money [...] View the full post at: Conspiracy? They’re Not Smart Enough Related posts: The Smart Money is Going the Other Way Obama Nominates Yellen as Fed Vice Chairman Obama to Nominate Fed’s Yellen for Vice Chair of the Central Bank