Central banks are stealing from the average citizen

[NC_Nurse]

Source: MSN

As regular readers know, I have been a longtime critic of the Federal Reserve. Not too far back, that view was a decidedly minority one.
But as our credit bubble undergoes an ugly unwinding, it's dawning on folks that central banks lie at the epicenter of the problem. Andy Xie nailed it in Tuesday's Financial Times, which is why I've chosen to begin my column with quotes from his article "It's time for central banks to stop bailing out markets."

Read more: http://articles.moneycentral.msn.com/Investing/ContrarianChronicles/CentralBanksAreStealingFromTheAverageCitizen.aspx

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Bailing out corporations and the rich, as usual....

[indepat]

1. Reaganomics trickle down has much been about further concentrating wealth among the few and the FRB

has been both a willing architect, supporter and enabler.

[bemildred]

2. That's their job, that's what they have always done.

You didn't think they were instituted to protect the poor, did you?