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The Fed’s Destructive Game Of Monetary Trivial Pursuit, Part 2

Summary:
The Fed has its share of dim bulbs, but we can only conclude that San Francisco Fed President Mary Daly truly covets the title. After all, with the Federal Housing Agency’s (FHFA) price index up by 12% in the last 12 months, which actually exceeded the previous record 10.6% gain at the peak of the […]

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The Fed has its share of dim bulbs, but we can only conclude that San Francisco Fed President Mary Daly truly covets the title. After all, with the Federal Housing Agency’s (FHFA) price index up by 12% in the last 12 months, which actually exceeded the previous record 10.6% gain at the peak of the […]
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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