Will this chicanery of the Federal Reserve end badly? They are doing what they used to tell banana republics not to do — trying to dig yourself out of a financial hole by printing money. It worked 10 years ago, but will it work this time, on a much bigger scale? If the markets ever begin to doubt it, then all hell breaks loose. It’s a credibility game. Belief can crumble quickly — virtually overnight. One day you have total faith in them, the next none.
- Federal Reserve
Published by Henry Barnard
I am a voracious reader and also enjoy writing. I often have a very different point of view than the popular one. I do see value in debate, and thought it might add to the public debate on controversial issues if I were to express my contrarian opinions. I also started keeping my poems recently (I've written little pieces my whole adult life but never kept any); and I've been a photographer now for over 25 years. So I will be adding an occasional poem and hopefully interesting photograph to the blog along the way, just to spice things up. View all posts by Henry Barnard