The Federal Reserve has caused enormous damage to the economy and society by enabling serial asset bubbles starting with Greenspan's low rates in the 1990s, which prevented normal market consequences and allowed Congress to avoid fiscal discipline through decades of deficits.
causalpending
Speaker
Bill FleensteinEvidence Quote
“Greenspan started us down a bad path...kept rates too low too long. We had a stock bubble. It burst...their policy was to try to bail that out...and then as QE has been tried two or three times the last 15 years...the QE and the passive bid kind of reinforced each other”
Source
Bill Fleckenstein: We've Gone Past The Point Of No Return, Only An Epic Crisis Can Fix— The Julia La Roche ShowCreated: 8/11/2026, 5:23:30 AM
My Notes
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