Federal Reserve Confesses Sole Responsibility for All Recessions
The Great Recession Blog
January 16, 2019
In a surprisingly candid admission, two former Federal Reserve chairs have stated that the Federal Reserve alone is responsible for creating all recessions in the United States.
First, former Fed Chair Ben Bernanke said that
Expansions don’t die of old age. They get murdered.
o clarify this statement, former Chair Janet Yellen placed the murder weapon in the Fed’s hands:
Two things usually end them…. One is financial imbalances, and the other is the Fed.