Yves Smith — The Fed’s Dereliction of Duty and False Capital Flows Morality

On both the military and financial front, America seems to be making things up as it goes along, driven by a toxic mix of bad ideology and domestic priorities. No wonder the rest of the world is so keen to join the Chinese-sponsored Asian Infrastructure Investment Ban. Any means of providing a nexus of power outside the US looks like a step in a better direction.

Shooting yourself in the foot.

Naked Capitalism
The Fed’s Dereliction of Duty and False Capital Flows Morality

Yves Smith