The Fed’s New Face, Same Old Game
Mark Thornton examines Kevin Warsh’s first Fed meeting and argues that despite the tough rhetoric, nothing fundamental has changed. The Federal Reserve still exists to keep government borrowing cheap, protect banks and Wall Street, and manage appearances while real inflation erodes household purchasing power.
Mark explains why real interest rates are already low or negative, how Fed liquidity continues to fuel asset bubbles, and why AI, data centers, government debt, and stock-market leverage all point to late-stage business-cycle danger.
On Side B, Thornton joins Murray Sabrin to discuss the…
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