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2016-04-07

The Fed 'is a god that has failed' Gilder

The Fed decides what money is worth and who receives it and how much. 

The Fed prices it at zero interest rates, allegedly to stimulate economic growth. But whenever something is free, it's distributed by queue, and only the privileged, connected people in the front of the line get any, not the innovators who create growth and opportunity for Main Street. 

Trump voters are wrong if they blame Mexico and China, but they are right about one big thing: The economy is rigged against them.

George Gilder, author of "The Scandal of Money"

CNBC  5 Apr 2016

"The Scandal of Money"

Asset price bubbles and Central Bank Policy



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