Meanwhile, in politics and economics we live in a fantasy world.The feds claim to improve our economy. We pretend to believe it. Did a central bank ever add one single centime, one peseta, one zloty or one fraction of a mill to the world’s wealth? Not that we are aware of. But all over the world, central bankers pretend to sweat and toil on behalf of mankind – correcting… adjusting… nullifying the decisions of honest men and women going about their daily business. Interest rates are too high! Inflation is too low! Not enough demand! Too much savings! They are omniscient as well as all-powerful.
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