Politicians used Keynesian economics to justify big government, a welfare state, and budget deficits. The Federal Reserve sought to grow the economy through monetary expansion, thereby crippling it. At the same time, Wall Street sought higher profits through influence over the government.
Ron Hera
Ron Hera is founder of Hera Research, LLC, and the principal author of the Hera Research Monthly newsletter. Ron’s articles have appeared on GoldSeek.com, 321gold.com, King World News, Seeking Alpha and in other professional economics and investment publication venues.