Just as the Federal Reserve cannot directly force you to stick the needle of monetary heroin (debt) into your arm, it also can’t force employers to pay employees more. 946 more words
As a degreed economist I 100% agree with this; and I will add that Milton Friedman a Noble laureate economist proved definitely that is was the Federal Reserve that created the Great Depression (not the market crass of '29) and by extension it was the same ineptness of the FED that created the housing bubble and crash of '08 not the banks. The FED is now in the process of creating a sovereign debt bubble that is close to bursting and it will be worse than '08. Keynesian economics is nothing more than a Ponzi scheme!