The unintended consequences of money printing have been steadily showing up in higher prices for what we need in our daily lives food, energy. We are getting squeezed between the two less income, higher prices and our quality of life is declining. Our current precarious economic environment has been reaped upon us courtesy of the Federal Reserve. For decades they have been meddling in the free market system, muting the business cycle thereby promoting massive miss-allocation of capital, QE+ and a myriad of other money printing currency destructive programs.
My comment: Unintended? The Fed knows exactly what they’re doing, which has always been to continue sucking the wealth of the United States from its people until they are all poor and thus unable to defend themselves from Big Brother. The demise of the middle class was always the game plan, and this article among many shows that it is working flawlessly. We as a nation are now, according to plan, being ripped in half between the producers and the consumers, the workers and the leeches, the opponents of tyranny and the enablers/beneficiaries of it. First they eroded away our moral base, then our investments, then our manufacturing ability, and now our very freedoms.