“I wonder, Madam, that you have not penetration to see the strong inducement to this excess; for he who makes a beast of himself gets rid of the pain of being a man.”
Dr. Samuel Johnson
Today the FOMC made an announcement.
They do not understand what is happening, or at least cannot openly admit it.
But they hope that they can, with straight faces, raise interest rates a bit more, so that they can lower them again when their latest financial assets bubble bursts.
They are exceptional hypocrites.