How Much More

It's now getting to the point where there isn't anything too unkind to say about those stumbling, bumbling bureaucrats, economists all, at the Federal Reserve who have screwed up not just the economy but millions of innocent, decent folks' lives.

Based on their damage and pathetic performance it might be time for the proletarians to insist on changing the laws of this nation so that government stiffs can be, like nearly ever worker in this country, professional of not, held legally liable for negligence or failure of doing their fiduciary duties. People understand financial pain. Just ask the hoards who have suffered at the hands of these mostly academic-based incompetents.

Here's one more silly idea from the dot-plot crowd at the Eccles Building. This little ditty will instill even more confidence in you to trust these folks. It's also  more fodder for putting this phony central quasi-government creation run by big Wall Street elitists out of its misery and the much more evident misery of the American public. How much more are the decent people of America will to take?
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The end game of central bank lunacy is surely near. Even the Fed heads appear to be mumbling bits and pieces of truth in public.
Former Philly Fed President Charles Plosser, for example, told Bloomberg TV this morning that central bankers “wring their hands all the time,” are very “concerned about credibility,” and are “pretty good at conjuring up reasons not to act.”
Having screwed up his mutinous courage, he then let loose with words that haven’t been heard from a central banker in decades, if ever:

The Fed “shouldn’t be afraid a recession might come,” he exclaimed, “there’s a real problem here”.

Then again, Plosser recently retired and perhaps it wasn’t all that voluntary. By contrast, Stanley Fischer is in line to takeover the joint, and perhaps soon.
That’s because Janet Yellen is surely finished whether the Donald wins or loses. Her dithering and double-talk have become a laughingstock even in the Wall Street casino.
So you might have thought the good professor from MIT—-by way of the IMF and Bank Of Israel—– would be carefully parsing his words. Instead, he was apparently moved during a speech to economics students to confess that he is more or less flummoxed by his own policies:
WASHINGTON—Federal Reserve Vice Chairman Stanley Fischer on Tuesday expressed frustration with ultralow interest rates, saying they should rise over time.
“It bothers me, it really bothers me,” he said when asked about low rates at an event for economics students at Howard University in Washington…….I don’t like it, but I don’t want to raise the interest rate too much. I think we should at some point. I don’t know when,” he said. “The interest rate I believe is not at zero at a normal level and it should be [normal] at some point, not immediately.”
“I think there’s also a problem in going to a zero interest rate in the sense that it says that capital isn’t very productive, there’s not much going on in the economy,” Mr. Fischer said, adding that “we would be better off if there was a price for using money.”
More:
davidstockmanscontracorner.com/stanley-fischers-novel-idea-wed-be-better-off-with-a-price-for-using-money