The One And Only Case for Lower Rates— Still Another Fix for Wall Street

There is surely no development more inimical to main street prosperity and democratic governance than the lock, stock and barrel capture by Wall Street of the nation’s central bank. That baleful condition enables and sustains the two very worst forces in American society today—the spenders and warmongers of Washington and the Wall Street speculators, who otherwise claim to be traders and asset managers.

The not-so-secret sauce of the Fed’s rogue monetary regime, of course, is artificial, ultra-c...