9 Comments

"I don't think you can say the whole history of the Fed is disastrous".

Just because they call it the Great Depression doesn't mean it was all that swell.

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Bill was being very very generous there.

fwiw I call the GFC "Great Depression 2", at least for half of Americans.

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I feel the need to nitpick occasionally. Shows that I'm an active, independent thinker or a crusty, bitter, old curmudgeon. I can live with either.

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Great content as always. I don’t know how you do it but am very glad you do

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These archive links always have the original link at the top if you prefer.

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archive dot ph huh, fricking brilliant

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Paywalled otherwise.

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"Fed policy is as stimulatory as at any point in history – including the dark days of the 1970’s."

Like every cloud it had the silver lining of launching 1980's consumer debt rates loan sharks would envy & never rolled back to any rational multiple of LIBOR or rate Banksters & cronies pay.

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Jun 30, 2022
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Cheers!

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