The Fed Responsible for Grandest Larceny of All Time
By: Bill Bonner
Apr 27, 2013
Gold seems to be coming back fast. It rose $38 per ounce yesterday.
Of course, the Fed’s monetary meddling doesn’t work. And it will most likely cause a financial disaster.
But the biggest scandal of today’s central bank policy is that it is essentially the grandest larceny of all time.
The normal ways in which wealth is distributed may not be perfect, but they are the best nature can do. People earn it. They save it. They steal it. Or they get richer by investing.