How the Fed Helped Create Another Calamity: The Ongoing Emerging Market Debt Crisis – PRICKLY PEAR (thepricklypear.org)

Editors Note: Many critics of the FED are keen on showing how badly they calculated “transitory inflation.” After ballooning the money supply by almost 20%, they seemed surprised. Certainly, the FED deserves a scolding. But probably more important is the FED quit being independent and decided to facilitate the wild spending plans of American politicians