Federal Reserve: Destroyer of “Breadwinner Jobs”

Federal Reserve: Destroyer of “Breadwinner Jobs”
Post Date December 6, 2015
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Category Solidus.Center

Although I stated just over a week ago that I was going to put Solidus.Center on the back burner and focus on my new landscaping venture, I came across an excellent article regarding the U.S. employment situation during the Fed’s 15+ year bubble/burst economic paradigm that compelled me to write. The article, by former Reagan budget director David Stockman, one of the most vocal critics of the Federal Reserve, reflects my recent “parting thought” regarding the Fed, but from the perspective of those hurt most …

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The Great Immoderation: How the Fed Is Sowing the Next Recession

The Great Immoderation: How the Fed Is Sowing the Next Recession
Post Date March 12, 2015
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By David Stockman of David Stockman’s Contra Corner.

In February 2004, Ben Bernanke famously declared the business cycle had been tamed and took a bow on behalf of enlightened monetary management, claiming it was the principal source of this beneficent development. Exactly 55 months later, of course, he terrorized the congressional leadership and a clueless president with the frightening proposition that a Great Depression 2.0 was just around the corner.

As to why he had been so stupendously wrong, Bernanke did not say. Nor did he explain why the brilliantly “stable” US economy had suddenly stumbled to …

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