The following is a direct excerpt from Marty’s Bent Issue #1226: “#EndTheFed.” Sign up for the newsletter here.

As markets anxiously await the Federal Open Market Committee (FOMC) meeting (and the inevitable rate hike that will come with it), it’s important to remember that it’s completely insane that we’re allowing the insanity to happen of central banks continues. The world is currently waiting with bated breath for an announcement from Jerome Powell, a 69-year-old attorney-turned-chairman of the Federal Reserve, to see how many basis points he decides to raise the federal funds rate.

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