What Has QE Wrought?

Today's financial hardships stem first, from the Fed's unconstitutional existence, and second from the Fed's decade of near 0% interest rates and QE. Those disastrous policies created a decade's worth of bad and uneconomic investments. Rising interest rates under Powell are the cure to those very bad decisions. But the "hangover" is that all of the bad investments piled up since 2008 become exposed.

​Of course, there are calls to turn the printing presses back on, which are calls to perpetuate th...