Re: The Federal Reserve: Love it or Hate it
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The only beneficiaries are minorities who exploit the privileges granted by the fed and those that take advantage of the non-uniform dispersion of liquidity.
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Yes, and we all know who THEY are.
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-business who get bail outs.
-early spenders of dollars.
-those paying employees on long term fixed contracts.
speculative businesses that can't survive long given the level of societal resources, but persist due to malinvestment
-those borrowing at long term fixed rates
-current tax payers who outlive the seignorage realization and inflation adjustment
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