How The Fed's Inflation Policies Crucify Workers In Pictures

Summers believes we need still more public spending stimulus. Japan provides convincing evidence that Summers’ thesis is false.

Discussion Needed

The Fed’s inflation policies are contrary to BIS findings, contrary to common sense, and contrary to the real-life results of median-wage earners falling further and further behind.

Please, let’s have a genuine discussion regarding the Fed’s inflation policies.

That discussion needs to incorporate ideas outside the Fed’s “group-think” box of more inflation, secular stagnation, and savings glut theories, all of which are easily proven wrong.

Discussion Rejected

The Wall Street Journal rejected this Op-Ed submission via a robot or a non-thinking person imitating a robot.

I know this because I sent in an inquiry to Editorial Features Editor, James Taranto, asking to speak with him about the rejection, and guess what.

My short Email request to speak to Taranto, not a submission, received the identical rejection notice. Thank you WSJ!

My submission title was "Fed’s Inflation Policy Destroys the Median Wage Earner". It started with the discussion of inflation targeting. The wage acceleration mirage and the BLS penny admission happened after my op-ed submission.

At least the WSJ responded. The Financial Times, which claims to get get back within three days didn't bother.

Mainstream media does not want to discuss what's happening and why. They already "know". Nearly everyone but the Austrians believes "secular stagnation" is caused by "savings gluts".

Besides, criticisms of the Fed, Larry Summers, or Ben Bernanke would ruffle too many feathers to be published.

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Dean Gilmore 3 years ago Member's comment

I don't believe the Fed can create wealth.

Duanne Johnson 3 years ago Member's comment

The fed is all about protecting the banks and nothing else. Worker's wages suffer as a result.

Alexa Graham 3 years ago Member's comment

Is that the job of the #Fed?

Texan Hunter 3 years ago Member's comment

These images say it all.

Old Time Investor 3 years ago Member's comment

What do you suppose would have happened had Nixon not closed the gold window in '72?