My immediate thought regards whether the Federal Reserve can make “financial knowledge” as we know it obsolete with a wave of its “trillion here, trillion there” hand. Right now, Federal Reserve Notes seem to work , but as the debt of questionable companies and states add to over-leveraging and the money supply goes parabolic, won’t “knowledge” have to give way to guesswork which rdisregards what was once knowledge?
My immediate thought regards whether the Federal Reserve can make “financial knowledge” as we know it obsolete with a wave of its “trillion here, trillion there” hand. Right now, Federal Reserve Notes seem to work , but as the debt of questionable companies and states add to over-leveraging and the money supply goes parabolic, won’t “knowledge” have to give way to guesswork which rdisregards what was once knowledge?