The Fed’s Unwise Rejection of the Long-Term

Photo by Diego Jimenez on Unsplash

In the land of the Federal Reserve, the long-range view is left cold and abandoned on the frontier of the future. Preference is given, instead, to the short-term view. The Fed does not gaze far enough into the future and this is a problem — a highly detrimental state of affairs, to be exact.

Lest you quirk an eyebrow over such grave language being applied to the boring technicality of —…