Divide and Rule
Excerpts from Confessions of an Old Man
A permanent feudal class
Two major political parties, Democrats and Republicans, have successfully divided the country in recent decades to maintain their rule. They, as part of the Beltway Beast, have split the nation into categories of conservative versus liberal, blue versus red, left versus right, and us versus them. By 2045, the MI Generation will face the country where there will be no single ethnic group in majority. The challenge at that time wo...
Published on August 28, 2019 13:20
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Fed Chair Powell Asked for Inflation and Now He Owns It
In March 2020, Federal Reserve Chairman Jerome Powell (Fed Chair Powell) was concerned that Inflation was not hitting the target of 2%, but falling further. Well, his wish finally came true. Inflation
In March 2020, Federal Reserve Chairman Jerome Powell (Fed Chair Powell) was concerned that Inflation was not hitting the target of 2%, but falling further. Well, his wish finally came true. Inflation in April 2022 was at 8.3% (Fig.1), the highest in the last 40 years and well above the Fed’s target. However, the Federal Reserve with J. Powell as its chairman, continued to print money and kept interest rates (Fed Funds) to almost zero. The Federal Reserve (Fed) serves as the central bank of the United States and is an independent government agency.
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