So today, over at the True Dollar Journal, I dissected the latest minutes of the FOMC. If you click on the link and read the line-by-line dissection, you will see that members of the FOMC have said nothing.More or less, this is what they said:
We're waiting for the future, the same as you. We have no control over what happens. Clearly, merely adding cash into circulation fails to grow an economy. However, we don't know what else to do.
Eventually, in spite of ourselves, the economy will recover and then we will seem to be right.
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