Sound Money Article Sure to Be Ignored by the Fed
It’s been a while (one hundred days, to be to be exact), but the Wall Street Journal published another in a long running series of sound money commentaries by Money Meltdown author Judy Shelton the other day. Titled The Recovery Starts with Sound Money, just like all the others, this one is sure to be ignored by anyone in the general vicinity of Washington D.C. or any of the regional Federal Reserve offices. What government policy makers in the U.S. and Europe fail to realize is that far from being seen as capable of delivering economic salvation, they are increasingly perceived as primary contributors to global financial ruin. Whether it’s the fiscal recklessness of spendthrift politicians or the refusal of government officials to acknowledge failings—distorting mortgage markets through Fannie Mae and Freddie Mac, skewing assessments of credit risk through loose monetary policy—the influence of government over the real economy is proving disastrous. Related posts:
Tim Iacono submits: