The fallacy of monetary policy in the U.S. is to believe this money will go to the man on the street. It won't. It goes to the Mayfair economy of the well-to-do people and boosts asset prices of Warhols... Very happy. Very good for the Fed. Congratulations, Mr. Bernanke.
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"The fallacy of monetary policy in the U.S. is to believe this money will go to the man on the street. It won't. It goes to the Mayfair economy of the well-to-do people and boosts asset prices of Warhols... Very happy. Very good for the Fed. Congratulations, Mr. Bernanke." — Marc Faber #moneywealth
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The fallacy of monetary policy in the U.S. is to believe this money will go to the man on the…
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The fallacy of monetary policy in the U.S. is to believe this money will go to the man on the street. It won't. It goes to the Mayfair economy of the well-to-do people and boosts asset prices of Warhols... Very happy. Very good for the Fed. Congratulations, Mr. Bernanke. — Marc Faber
About Marc Faber
Marc Faber was a Businessman from Switzerland (1946–present).
Frequently Asked Questions
Who said "The fallacy of monetary policy in the U.S. is to believe this money will go to…"?
This quote is attributed to Marc Faber, a Businessman from Switzerland.
When did Marc Faber live?
Marc Faber lived from 1946 – present.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.