Why Does the Fed Persist With Failed Policies? - a podcast by Jay Taylor

Mish Shedlock, Chen Lin and Michael Oliver are this week’s guests. Fed intervention failed in the 1930s. Bernanke blamed it on imperfect execution. All that was needed, he said, was more of it faster. Fed intervention is failing again. Why does the Fed persist in doing the same thing over and over again when its actions are proven to fail? Or is there something more sinister going on here in which failure is the intent of the Fed. If so, how can we peons protect ourselves against these landlords of the world? Mish will share his thoughts on that. Chen will pass along some of his stellar investment ideas and Oliver will as always update us on the major investment plate tectonics that guide our investment allocation.

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