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Alasdair Macleod: Why the Fed will never succeed in managing inflation

Section: Daily Dispatches

By Alasdair Macleod
GoldMoney.com, St. Helier, Jersey, Channel Islands
Thursday, December 24, 2015

The Fed will never succeed in its attempt to manage inflation and unemployment by varying interest rates.

This is because it and its economists do not accept the relationship between, on one side, the money it creates and the bank credit its commercial banks issue out of thin air, and on the other the disruption unsound money causes in the economy. This has been going on since the Fed was created, which makes the question as to whether the Fed was right to raise interest rates recently irrelevant.

Furthermore, it's not just the American people who are affected by the Fed's monetary management, because the Fed's actions affect nearly everyone on the planet. The Fed does not even admit to having this wider responsibility, except to the extent that it might have an impact on the US economy. ...

... For the remainder of the report:

https://www.goldmoney.com/why-the-fed-will-never-succeed?gmrefcode=gata



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