{"id":21684,"date":"2016-09-17T12:06:18","date_gmt":"2016-09-17T17:06:18","guid":{"rendered":"http:\/\/olduvai.ca\/?p=21684"},"modified":"2016-09-17T12:06:18","modified_gmt":"2016-09-17T17:06:18","slug":"why-the-fed-destroyed-the-market-economy","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=21684","title":{"rendered":"Why the Fed Destroyed the Market Economy"},"content":{"rendered":"
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Why the Fed Destroyed the Market Economy\u00a0<\/a><\/h3>\n<\/div>\n
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What Have You Done for Me Lately?<\/strong><\/p>\n

Swing voters are a fickle bunch.\u00a0 One election they vote Democrat.\u00a0 The next they vote Republican. For they have no particular ideology or political philosophy to base their judgment upon.<\/p>\n

\"swing-voter\"The primacy of the wallet.<\/p>\n

They don\u2019t give a rip about questions of small government or big government.\u00a0 Nor do they have any druthers about the welfare or warfare state.<\/p>\n

In effect, they really don\u2019t care.\u00a0 What\u2019s important to the swing voter is much simpler.\u00a0 In fact, it can be boiled down to the following essential question.\u00a0 What have you done for me lately?<\/p>\n

The answer to this question, of course, comes back to money.\u00a0 As far as the swing voter\u2019s concerned, if their brokerage account\u2019s growing they vote the incumbent party.\u00a0 If it\u2019s shrinking, they vote the challenger party.<\/p>\n

It doesn\u2019t matter if the source of the stock market inflation is a fraud.\u00a0 Nor does it matter that a stock market correction will help reestablish financial markets on a firmer foundation.<\/p>\n

In this respect, the mere trajectory of the swing voter\u2019s portfolio tells them everything they need to know about whom to vote for.<\/p>\n

Truth and Denial<\/strong><\/p>\n

Earlier this week Republican Presidential Candidate Donald Trump took issue with the Federal Reserve\u2019s stock market inflation games.<\/p>\n

He remarked on\u00a0CNBC<\/a>\u00a0that the Fed has created a \u201cfalse stock market,<\/em>\u201d and that Fed Chair Janet Yellen and central bank policymakers are very political, and should be \u201cashamed<\/em>\u201d of what they\u2019re doing to the country, \u201cThe Fed is not even close to being independent.<\/em>\u201d<\/p>\n

Certainly, the idea that the Federal Reserve influences elections is not a novel concept.\u00a0 For this reason, at the recent central banker\u2019s summit in Jackson Hole, Wyoming, former Democrat Congressman, and overall repulsive being, Barney Frank,\u00a0told the Fed<\/a>, \u201cDon\u2019t raise rates before election.<\/em>\u201d<\/p>\n

\"cartoon-my-impact-alg-600\"…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Why the Fed Destroyed the Market Economy\u00a0 What Have You Done for Me Lately? Swing voters are a fickle bunch.\u00a0 One election they vote Democrat.\u00a0 The next they vote Republican. For they have no particular ideology or political philosophy to base their judgment upon. The primacy of the wallet. They don\u2019t give a rip about […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[5728,303,11763,3650],"class_list":["post-21684","post","type-post","status-publish","format-standard","hentry","category-economics","tag-acting-man","tag-fed","tag-mn-gordon","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/21684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21684"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/21684\/revisions"}],"predecessor-version":[{"id":21685,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/21684\/revisions\/21685"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}