Is the Fed Insolvent?
Is the United States Federal Reserve, central bank to the greatest economy in the history of the world, insolvent? Ayup, technically it is, writes James Grant in the latest number of his famed newsletter, Grant's Interest Rate Observer. It's a wonderful read. Let's hope that someone manages to get a copy of it to President Trump before a Democratic candidate gets in ahead of him on this issue. Mr. Grant, who holds an honorary doctorate in acerbic studies, has pressed this point in an o...
Published:2/14/2019 2:27:20 AM