The recent downturn in the economy has many people playing armchair quarterback over decisions made by the Federal Reserve during the last few years. These guys are supposed to be geniuses when it comes to economics, right? It doesn’t take a rocket scientist to recognize that there may have been errors in judgment [...]
There are many similarities between the U.S. economy today and the U.S. economy of the early 1970s. I don’t need to over-elaborate on the details of the likeness of the two eras, because it’s actually the one distinct difference that is going to matter going forward.
First I would like to take a brief look into [...]