Beware of These 4 Most Dangerous Fed Fallacies

While the Fed, and all of its cheerleaders engender false confidence from the public, they also have false confidence in themselves. That which they believe they can control, they ultimately cannot. Manipulating interest rates and counterfeiting dollars may seem to create short-term benefits, but always at the cost of long-term economic ruin. The long-term always arrives, and always when it’s least expected by the "experts."