Jim Grant On The Fed
28 August 2015
With recent action in financial markets Jim Grant explains the real role of the Federal Reserve.
With their terrible track record in forecasting the GFC, the Federal Reserve in the US appears at first to have the objective of price stability and full employment. Yet, every policy decision and interest rate manuipulation has actually ended in boom bust cycles with the Fed acting as 'Arsonist and Fireman' to markets.