Nov
16
The Fed’s Current Priority
ByIs not stemming what will soon be runaway inflation, but pathetically setting new rules for gift card issuance. (I’m not kidding.) Hilariously, this is somehow linked to “bubble” protection:
The proposed rules come after the Fed came under fire for not doing more to protect consumers during the credit bubble.
Forget for a moment that the Federal Reserve System itself exacerbates and protects credit bubble creation. Think about this: minimizing gift card fees and extending expiration dates is part of its purported solution.
Surely no society can endure when double-digit IQs are in charge.
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