Tue Aug 25 14:20:45 2020
<9e126bf3> Fed is buying bad money instead of letting it get flushed out. Moral hazard leads to capital destruction absorbed by lower classes while the Fed buying the bad money bails out the top
Tue Aug 25 14:20:45 2020
<9e126bf3> Fed is buying bad money instead of letting it get flushed out. Moral hazard leads to capital destruction absorbed by lower classes while the Fed buying the bad money bails out the top