Think Interest Rates Are High? Try Again https://www.theepochtimes.com/opinion/interest-rates-are-high-try-again-5429377 What Ben Bernanke, and Alan Greenspan before him, achieved at the Fed was the construction of financial socialism with privatized profits for the biggest players. What was astonishing to watch through this entire period was how all of that transpired with very little public awareness, no legislation, and hardly any debate outside a small circle. It was an insider deal led by the Fed alone.

It was this system that empowered BlackRock, Fidelity, and the other biggest players who specialize in moving money. As for everyone else, real income has barely budged and economic growth has been utterly pathetic.