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News Link • Federal Reserve

And So Begins The Rug-Yank Phase Of Fed Policy

• zerohedge.com by MN Gordon

For lawmakers, the goal is to promise the populace something for nothing while pretending to make good on it.

Take the latest tax bill, for instance.  The GOP wants to tax less and spend more.  The Democrat party wants to tax more and spend even more.  We don't recall seeing any proposals to tax less, spend less, and shrink the size of the state.  And why would we?

Today's central planners and social engineers are enlightened and progressive.  They know much more about anything and everything than the rest of us.  In particular, they share a general sense that they know how to spend your money better than you.

At best, the central planners call your money to Washington so they can then distribute it back to your friends and neighbors.  In reality, the lawmakers call your money to Washington where they distribute it to their friends and neighbors – not yours.  This is not a matter of opinion.  It's a matter of fact.

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