As September rolled into October, the US central bank’s monetary madness blew all over us like a fountain of foam in a windstorm. First, the Fed burst into $75 billion in overnight funding operations due to obvious shortages all over the map in bank reserves. Then the surge spread beyond that into longer-term temporary funding […]
The post Quick Recap of the Fed’s Foundering Follies and Our Descent into Economic Madness appeared first on The Great Recession Blog.