Saturday, December 21, 2013

(Picture) 10 Year Treasury Yields Much More Stable Without A Central Bank

Zerohedge has the amazing picture of 10 Year yields over 223 years. It looks like central banking makes interest rates much more volatile. Notice how stable interest rates were to the left of the dotted line , which is pre-1914???? What better proof that the Fed exists to bailout banks, subsidize greedy overpaid tenured Keynesian economists , and subsidize the housing industry? Click on the picture down below.