I should point out that I had spent over 3 years studying the Federal Reserve systems as an M.B.A. candidate, part-time. I have been a life-long observer of this institution which has been known to be quite fallible.
Despite all the loose money policy of the Fed, I find the Fed efforts have failed to stimulate, with all its vaunted expertise. In fact, their money policy today has become less and less effective.(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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