Mises Daily
Author:
Frank Shostak
Online Publish Date:
[Editor’s note: Bernanke has further loosened the Fed’s monetary stance. As economist Frank Shostak explains, this action is based on a fundamental misunderstanding of how wealth is created and can only make things worse.] On Wednesday December 12, 2012 Fed policy makers announced that they will boost their main stimulus tool by adding $45 billion