Sunday, July 13, 2014

Translating Yellen Into Plain English: Yikes!

My Translation of Yellen's Speech on Bank Regulaton - Gary North/lewrockwell.com

Excerpt from this article:

"This is the FED’s version of 'transparency.' Transparency in bureaucratic affairs means this: “provide an illusion to the public that something significant is being revealed, when nothing significant is being revealed.” On the contrary, anything significant is being concealed."
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