Fed-Engineered Jobs Failure

Fed-Engineered Jobs Failure
Post Date October 2, 2015
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Category Solidus.Center

Author’s note: I apologize for the limited updates over the last few months. I’ve been working hard getting my new landscaping venture off of the ground, and I’ve had little time for anything else.

Nearly seven years ago, way back in 2009, Keynesian economists were coming out of the woodwork to crow about the “green shoots” and the “V-shaped recovery” the Fed had engineered with its loose monetary policy. Today, in the latter part of 2015, nearly SEVEN YEARS of zero interest rates and trillions upon …

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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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Greenspan’s Insulting Admission of Fed Culpability

Greenspan’s Insulting Admission of Fed Culpability
Post Date March 7, 2015
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Category Solidus.Center

As if to thumb his nose at the millions of Americans who have undergone long-term financial distress since the late 1990s due to the interventionist monetary policies he implemented, former Federal Reserve Chairman Alan Greenspan, the original engineer of the Fed’s bubble/burst economic paradigm, indirectly admitted to CNBC’s Kelly Evans that the Fed has created unsustainable asset bubbles that could burst when it allows interest rates to rise.

Greenspan defended the Fed’s promotion of these bubbles, though, stating though a smile, “It’s good, not bad”:

Greenspan noted …

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