The Fed clings to status quo. Other central banks are vying to knock it down, or at least loosen its grip on them. But the Fed behaves as if it has no idea there are other powerful central banks that want to grab and harness its power. It carries on refusing to acknowledge that there may come a time, sooner rather than later, where its power is attacked.
Tag: World Bank
The enraged liberal reaction to the Brexit vote is in full flood. The anger is pathological – and helps to shed light on why a majority of Britons voted for leaving the European Union, just as earlier a majority of Labour party members voted for Jeremy Corbyn as leader.
You may be thinking ‘but this disaster befell that poor African country more than thirty years ago, surely things must be better today’. Well sadly, no, things are not any better. In fact the systemic failures which precipitated the local food shortages and amplified the effects of the drought have never been fixed and are in fact worse today than they were back then.