“Where Are The Free Markets?”: Odds Against Fed Getting It Right – Jim Grant
from CNBC, via GoldSilver Grant – "Central banks the world over have been suppressing [rates], manipulating them, and otherwise manhandling them," predicting "this experiment will end in failure" because price controls never work. Grant believes central bankers won't remove "patient," because of the strong dollar and a weaker underlying economy. "The surprise might be that the Fed reverts to its now very familiar stance of ease." "The virus of radical monetary policy is in the political bloodstream, meaning we can't go back now," he continued. "They're bound to come back and do more." "The Fed can change the way things look but not what things are"