Shot through the heart (of the economy), and they’re to blame. The Fed and Congress give government a bad name.
When I see the faces of Alan Greenspan, Ben Bernanke, Janet Yellen and Jerome Powell, all I think of is …. the Minsky Moment brigade!
From Zero debt in 1776 to $21 trillion in 1997 and just in the last 4 years, debt has gone up by that same $21 trillion. This graph shows the debt explosion, a 63x increase.
And then we have Congress promising >$192 trillion in entitlements (wealth transfers) that will likley be added to the already >$32 trillion in Federal debt.
