The Culpability of the Fed

Barclay’s warns that the Fed has unleashed an inflationary shock that will rock the world, and that its credibility is below zero (as it should be). Batten down the financial hatches, Barclays warns its clients, for the Fed-created hurricane. And may we, the advocates of free markets, turn catastrophe to a good purpose, by underming the power elite and its central bank, in the cause of sound money and freedom. (Thanks to Robert Hiett.)