What is the Cincinnatian problem? How to end vast emergency interventions whose day has passed but have become established and advantageous to their constituencies and have increased the power the central bankers enjoy.
President Biden announced recently to much fanfare that his administration will transform the US economy through central planning. This does not end well.
While the true motives of the Fed's inner circle may forever remain a mystery, it is evident their narrative revolves around the quest for an ideal economic state or finding a Goldilocks Zone of economic data.
