Mr. Pollock is a Senior Fellow at the Mises Institute, the author of ‘Finance…
Meantime the central bank seeks to palm off on the public the idea that its staggering negative capital is a ‘deferred asset.’
At some point a leader will step forward prepared to call the central bank out on its losses.
The answer is ‘yes’ — the authors of the Federal Reserve Act, for starters.
The answer is the body in the government that is famously closest to the people.
After all, the marketeers have taken to picturing Bitcoin as a gold-colored coin.
Recalling the famous line of Everett Dirksen — about how a billion here and a billion there starts to add up to real money — we are talking about serious losses.
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