Fed La-La-Land

Fed Chairman Ben Bernanke in 2010:  I think we would like to bring the balance sheet back to something…under a trillion dollars…

Ron Paul: A trillion dollars?

Bernanke. Or less, yes.

Real World

The Fed’s balance sheet was $8.8 trillion on March 9, 2022 – more than double what is was in March 2020.

Massive Fed intervention in the U.S. economy is a big reason why housing prices rose at the fastest two-year rate of growth in history.

You would be wise to remember there’s no free lunch in economics.  Someone has to pay.