Why “The Fed Can’t Save Us”: The Simple Explanation From Austrian Business Cycle Theory
By Robert P. Murphy of Mises Institute
ZeroHedge.com
04/06/2016
Will the Fed be able to keep the game going? In a word, no. We’ve already seen that even the tiniest of interest rate hikes has gone hand in hand with a huge drop in the markets. Furthermore, the Fed’s subsidies to the banks are now on the order of $11 billion annually, but if they want to raise the fed funds rate to, say, 2 percent, then the annual payment would swell to more than $40 billion.
The Rest…HERE
