Your hard-earned capital is stored labor. It represents the virtues of hard work, thrift, and delayed gratification. It thus deserves to be honored today. Happy Labor Day! Unfortunately, your stored labor is being repressed and forced to work over-time. The Lemon Economy Washington’s policy response following COVID is not so radically new. It’s better described as a radical acceleration of the old policy – that is, the policy in place since the 2008 financial crisis. The Federal Reserve has pressed interest rates even lower. No longer content to keep just short-term rates low, it now aims to keep longer-term rates repressed as well. This is being done by expanding its purchases of US govern
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Frank Byrd and Stephen Korn
- Oct 16
Is Bitcoin Fools Gold?
...be appropriate for their portfolios. Let us know if you’d like to schedule a conversation to discuss this.
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