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How Central Bankers Transformed The Financial Markets And Moved The Inflation Ogre From Main Street To Wall Street

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There is no doubt that the Fed has become the engine of financial asset inflation on Wall Street during the last 30-years, thereby supplanting its traditional propensity to fuel goods and services inflation on main street when it got too aggressive in supplying new reserves to the old-fashioned fractional reserve banking system. Our purpose here […]

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There is no doubt that the Fed has become the engine of financial asset inflation on Wall Street during the last 30-years, thereby supplanting its traditional propensity to fuel goods and services inflation on main street when it got too aggressive in supplying new reserves to the old-fashioned fractional reserve banking system. Our purpose here […]
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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