Friday , November 24 2017
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More Keynesian Gibberish From Bubble Blind Central

Summary:
If you want stunning proof that monetary central planning is a clear and present danger to capitalist prosperity just read the Fed's stock market discussion in yesterday's minutes. It amounts to a clueless confession of willful incompetence, and evidence that the FOMC members are so mesmerized by their Keynesian academic models that they can't see the real world starring them in the face.

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If you want stunning proof that monetary central planning is a clear and present danger to capitalist prosperity just read the Fed's stock market discussion in yesterday's minutes. It amounts to a clueless confession of willful incompetence, and evidence that the FOMC members are so mesmerized by their Keynesian academic models that they can't see the real world starring them in the face.

David Stockman

David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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