Artis Shepherd

Thanks to the Fed’s creation of asset bubbles, the US economy is producing many billionaires. However, the savvy entrepreneur is becoming increasingly scarce.

As investors become squeezed as the economy tightens, they look toward the government to provide them with even more cheap credit. Ordinary Americans are paying for these unsound policies.

President Trump’s recent remarks that he wants to keep housing prices artificially high to protect the “wealth” built into people’s homes ignores the economic dislocation that occurs because these policies require inflating the money supply.