Friday, August 7, 2015

Federal Reserve Building, Washington, DC
Forget the several hundred (it seemed) Republican candidates debating last night.  Forget the lone leader on the other side.  What seems to be running our government today, especially the equity markets, is the Federal Reserve Board of Governors.  These people (can you name even one?) decides how much money to print and what you pay in interest rates.  The anticipatory attitude perpetuated by the Fed is not good for the economy.

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