“Barbaric people used force and violence to get what they wanted; civilized transactions are based on mutual consent and cooperation.  We know that the economy of the Soviet Union, driven by brute force, was a disaster. How do you think the economy of the US – heavily persuaded by the padded force of the Yellen-led Fed – will fare?  Is today’s Fed a modern, civilized institution? Or an archaic throw-back to the past?  And what about the dollar itself? Is it a form of modern money… or a barbarous relic, depending on the police power of the state to give it value?”

http://www.bonnerandpartners.com/a-barbarous-fed/

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