Chris Rossini Joins The Ron Paul Liberty Report

Today, I'm pleased to announce that I'm joining The Ron Paul Liberty Report to work with both Dr. Paul and Daniel McAdams.

To the loyal readers of EconomicPolicyJournal.com & Target Liberty, I thank you very much for the attention you've given to my commentaries over the years. My writing will continue as usual at the brand new Ron Paul Liberty Report website.

Robert Wenzel calls The Ron Paul Liberty Report his "favorite internet show" and "the best analysis of foreign affairs on the Internet." If you haven't done so already, please subscribe to the Liberty Report's YouTube Channel. Or, if you prefer to listen via podcast, you can subscribe on iTunes, Stitcher and SoundCloud as well.

So each day, when you're finished reading Robert Wenzel's brilliant work on both EPJ & TargetLiberty, please stop over to The Ron Paul Liberty Report for more libertarian analysis.

I'll see you there!

For the cause of Liberty,
Chris Rossini

Re: Libertarians for Trump?

By Chris Rossini

Robert, how disappointing to read Wayne Allen Root, someone who labels himself a "libertarian," take his eye off the ball so drastically. A libertarian should be championing the reduction of state power, towards the ideal, which is complete dissolution.

Root instead talks about Donald Trump "saving America"? The only way for America to be "saved" (so to speak) is for Americans themselves to place a very high value on liberty. It has to be fervently desired. The idea of liberty must dominate.

Instead, Root is looking for a man to dominate, for a man to "save America". What a reprehensible idea. Root then adds insult to injury by passionately calling for Donald Trump (of all people) to be that man! Donald Trump has not shown the slightest inkling of a desire to reduce state power. He huffs and puffs as to how he's going to use the state like club, to beat people that he doesn't like over the head.

This turns "libertarian" Root on. He says Trump is going to throw members of the Obama Administration in jail. He'll "investigate. Trump will prosecute. Trump will go after everyone involved…just for fun."

How on Earth is that going to increase liberty and reduce state power? Does Root think that other politicians will get scared and will not pull the same antics while in power? If that's what Root is thinking, he better look back at man's history. Politicians have been jailing each other, overthrowing each other, and assassinating each other for thousands of years. It's what they do. They live by the sword, and die by the sword.

Throw Hillary in jail and there's a long line of people (who are just like her) that will fill the void. You've gone nowhere. You're right back to living in the same authoritarian state, because the ideas have not changed.

Libertarians should never get hung up on politicians. They're just a sideshow. The main event is the ideas that people hold. Obama...the Bushes...the Clintons...they're just individuals riding the wave of 100+ years of anti-libertarian thought. Somebody has to ride the wave. They just happened to be the best of the worst.

The job of the libertarian is to concentrate like a laser-beam on the ideas. Heck with the politicians, who are only useful examples when making the case for liberty. You can point to their endless mistakes, and show why liberty would be a much better choice.

Wayne Allen Root is way off the mark. He's all caught up in the sideshow. Serious libertarians should stay focused on the main event.

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Chris Rossini is author of Set Money Free: What Every American Needs To Know About The Federal Reserve. Follow @chrisrossini on Twitter.

Update on The New Iraqi Man Experiment

By Chris Rossini

The New Iraqi Man experiment is still not producing the right results for the Empire. US Secretary of Defense Ash Carter has discovered a new model: The Kurds, who have had some successes against ISIS.

Carter says:

“We are trying to build a force throughout the territory of Iraq, and someday in Syria, that can do what the peshmerga does.” 

Trying to build? It's been how many years now, and how many billions of dollars?

The Kurds have had success because they are fighting for their own autonomy in the region. They're willing to put it all on the line for their own beliefs.

What are the Iraqi's fighting for? The U.S. and puppet leaders?

And Carter thinks that the Empire can "build" something like the Kurds? As powerful as the U.S. Empire is, it cannot instill belief.

Belief cannot be injected like a shot of Gardasil, or swallowed like a pill. So Big Pharma is powerless in this experiment.

Belief cannot be instilled by providing weapons. The U.S. military-industrial-complex has given the Iraqis the most sophisticated and powerful weapons that U.S. taxpayer money can buy. The Iraqis have (more than once) ran away, leaving those weapons behind for ISIS.

Belief will not be instilled by America's finest bamboozlers either. Bill Kristol and Paul Krugman will not leave their Ivory Towers in the U.S. to go pull the wool over Iraqi eyes. It takes many decades to fully bamboozle a population. It took generations of "professors" to pull it off here in the U.S.

Belief cannot be instilled with Federal Reserve Notes. Oh sure, foreign countries will take them. We all know that. But that just buys false and fleeting loyalty. It merely keeps people from getting restless and rising up.

It's quite ironic that the U.S. is failing at creating The New Iraqi Man. Couldn't they learn from the Soviets?

You cannot force beliefs on anyone, and you cannot change human nature.

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Chris Rossini is author of Set Money Free: What Every American Needs To Know About The Federal Reserve. Follow @chrisrossini on Twitter.

What Does Trump Really Think?...Who Knows?

By Chris Rossini

Usually, politicians, who are professional liars, try to be calculating with their words. Yes, they flip-flop back-and-forth with the political winds, but there's usually a grace period.

With Trump, the grace-period seems to be very short, especially when it comes to his opinion of others. Here's Trump on Jon Stewart less than 2 months ago:

While Jon Stewart is a joke, not very bright and totally overrated, some losers and haters will miss him and his dumb clown humor. Too bad!

— Donald J. Trump (@realDonaldTrump) May 31, 2015

Pretty strong words. Trump left no doubt there.

And now, before the Twitter digital ink has barely dried, Trump says:

“I like Jon Stewart — I think he’s good. They’re begging me to go on. I would do it … the problem is it looks like pandering. It looks so false and so phony if I do it.”

Trump very likely believes that he can talk his way out of any contradiction. Donald is the same with his political positions as well. There's no consistency to be found. Whatever works at the moment.

The only thing we can really be 99.9% certain of, is that he wants power, and judging by his early maneuvers, Trump wants it bad.

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Chris Rossini is author of Set Money Free: What Every American Needs To Know About The Federal Reserve. Follow @chrisrossini on Twitter.

Trump Is Givin' Em Democracy Good & Hard

By Chris Rossini

Politicians blow smoke. They make statements that are false (i.e., lie) and promises that they cannot keep. Economic laws forbid them. Donald Trump, however, is a different kind of fog machine in the 2016 dog & pony show. He seems to have cracked the code on making everyone else in the show an also ran. As of this writing, it's Donald and 'some other guys' who want to be President.

Donald is blowing smoke like a bandit too. He's going to defeat ISIS, provide universal healthcare, give veterans the best care they've ever had, build a Great Wall of Trump (that Mexico will pay for), put China in its place, and many other nonsense claims.

The other fog machine politicians are making ridiculous promises too, but why has Donald stolen the show? Well, as we all know, he had a very successful TV show called The Apprentice. For years, Americans were able to watch contestants (which included celebrities) kiss Donald's behind on national television. Every episode contained lots of "Yes Mr. Trump" genuflections and scenes with Donald trotting in and out of everyone's presence as if he were Caesar.

Americans have heard Donald say over and over 'I've done this' and 'I've done that' and 'I created the most prestigious, best, and most valuable widget that the world has ever seen.' The fact that the show was on so long has served The Donald well. All he had to do with the Presidential race was hop in, say something outrageous, and the media would be eating out of his hands. The government lapdogs (the fools that they are) have catapulted Trump to the top. The media knew how to blackout Ron Paul (who they also hated) but they can't resist talking about Trump around the clock.

Now both parties have a big problem on their hands (the only positive thing about this situation) because Mr. Big Bucks is in control of the show. Donald doesn't need anyone's money, he can buy his own ad & TV time and it won't make a dent in his fortune.

Trump's fortune also gives him a false credibility with the American public. It's an all-too-common mistake to assume that because a person was successful in the business world, that he will make lollipops and lemon drops fall from the sky as President. Libertarians have exhaustively pointed out the error in this line of thinking. Government is not, and cannot be, like a business. Government is a totally different animal, with opposite incentives built-in to its existence. Sadly, as of 2015, enough Americans cannot make that distinction yet.

So Trump has tremendous name-recognition, virtually unlimited funding, and a perception that he can do exactly as he promises. (He can't. But to win, that doesn't matter).

What is Trump's ace-in-the-hole? He talks "street".

The average person likes to hear Trump say that Arianna Huffington: "is unattractive both inside and out. I fully understand why her former husband left her for a man- he made a good decision." Or that John McCain: "Graduated last in his class at Annapolis--dummy!"

That's "street," and that's entertainment. Americans love entertainment.

Donald Trump is giving all the establishment political leeches a dose of Democracy. That's a minor plus from a libertarian perspective. It provides a bit of schadenfreude for sure, but the last thing that we need is for an iron-fist-type to actually win. We don't need a white knight, we need Liberty.

Murray Rothbard pointed out long-ago that billionaires do not like to hear the word "No." They're always surrounded by yes-men... "Yes, Mr. Trump"..."Yes, Mr. Trump"...all the time.

The problem is, that as President, Donald will not be able to "Yes" himself to success. You see, supply and demand will not yield to Mr. Trump. The Law of Diminishing Returns will not bow down. Economic laws can care less as to who Trump thinks he is.

I shudder to think of the lengths that The Donald would go to save face when his promises are broken. History has enough horror stories to warn us against granting someone with an iron-fist political power.

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Chris Rossini is author of Set Money Free: What Every American Needs To Know About The Federal Reserve. Follow @chrisrossini on Twitter.

Why Ron Paul Is Right About Donald Trump

By Chris Rossini

Ron Paul was recently on the Alan Colmes Show where he accurately described Donald Trump as "dangerous" and "authoritarian". Dr. Paul has, on more than one occasion, tried to warn the public of the man who claims to be a white knight that is here to save the country. Robert Wenzel and Tom DiLorenzo have also referred to F.A. Hayek's warning on the "can-do" politician.

The Donald has left no doubt that, in his mind, he is the white knight. Trump is always reminding the American public: "I am the only one who can make America truly great again!"

First of all, America was once a great nation because of the individual liberty that citizens enjoyed. The really good times, from a standpoint of liberty, was when America did not have a centralized federal government. But even after the centralizers staged their coup, the federal government was barely significant at first. The average American had but the thinnest connection to it.

That was what made America great....individual liberty from government. The results, of course, spoke for themselves.

Individual liberty has to be the lynchpin to prosperity. There is no other way. For only I can know what my immediate problems are, and based on my own value scales, have to find the economic solution for each of them. The same goes for you, and your neighbor, and everyone else. In order for us to individually find economic solutions to our problems, we have to have rock-solid private property rights, and free market prices to guide our decisions. Individual problems cannot be solved by a white knight who barks down edicts from Mount Olympus.

Americans once had that kind of freedom. We who are alive today never had it. But our ancestors did, and they shook the world. We're surviving on the few liberties that are left.

We Americans today must toil under federal, state, and local governments that continually destroy our rights to private property. We must trade in a marketplace that has been twisted into a Gordian Knot with regulations and cronyism. We're forced to shuffle around pieces of paper as money that is controlled by a monopoly called The Federal Reserve.

That is what has crushed America's greatness. Only the sands of time keep the U.S. government from total bankruptcy. That's the only thing it has left.

Americans do not need a white knight, who can only add to the damage, before that last grain of sand drops. Americans need their liberty back. We need to taste what our ancestors tasted. We've never breathed free air. And with the technology and communication tools that rest on our fingertips, Americans can shake the world once again.

Individual liberty is the only way. There are no shortcuts.

Ron Paul, when running for President, said these iconic words:

"I'm running on the things I don't want to do. I don't want to run your life, I don't know how to run your life, I don't have the authority to run your life, and the Constitution doesn't permit me to run your life!"

Do you know what Donald Trump called Ron Paul?....."A clown-like candidate".

That, right there, shows you where Donald Trump stands on the idea of individual liberty.

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Chris Rossini is author of Set Money Free: What Every American Needs To Know About The Federal Reserve. Follow @chrisrossini on Twitter.

American Politicians Often Answer To No One

By Chris Rossini

Neocons lost their minds (at least what was left of them) when news of the Iran Deal broke.

Marco Rubio made an interesting comment:

“If Iran becomes a nuclear weapons power, as I anticipate they will, over the next 10 years, everyone who supported it or voted for it or allowed it to go forward will have to answer to history for that, including many of my Democratic colleagues and most certainly this president.”

Don't worry about it Marco.

First of all, politicians (especially in a democracy) are primarily concerned about the short-term. For the details on why this is so, read Hoppe's Democracy: The God That Failed. Politicians in a democracy lie to get elected, grab as much power and money for themselves and their cronies, then float off into the Caribbean sunset.

Results don't matter. There is no "answering to history," whatever that's supposed to mean. In America especially, there's no answering to anyone. Votes mean nothing, government's mainstream media isn't going to grill you, and the court historians will be ever-so-gentle.

In fact (as odd as it may seem) if your policy fails as an American politician, your advice and council is highly sought. You get onto the talk shows (like Dick Cheney). You're quoted in every mainstream publication (like McCain & Graham). You're re-elected (McCain & Graham again), and your hobbies become a national conversation piece (George W. Bush is a painter you know).

Oh, and let's not forget the money!

Failed political figures like George W. Bush, the Clintons, Ben Bernanke, and Alan Greenspan have hundreds of thousands rained down on them for a single speech. Americans trip over themselves to pay for the worst ideas that anyone can buy.

Ten years is an eternity Marco. Should your worst case scenario ever materialize, no one will have to answer for anything. FoxNews will still be interviewing John Bolton on whether or not the U.S. should wage yet another disastrous war.

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Chris Rossini is author of Set Money Free: What Every American Needs To Know About The Federal Reserve. Follow @chrisrossini on Twitter.

Lindsey Graham Should Follow His Own Advice

By Chris Rossini

Lindsey Graham has some advice for Donald Trump:

“The first rule of politics when you’re in a hole is stop digging. I think somebody needs to take the shovel out of Donald Trump’s hands.”

In a hole....Stop digging.

Interesting advice, considering the source:

Somebody needs to take the shovel out of Graham's hands as well.

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Chris Rossini is author of Set Money Free: What Every American Needs To Know About The Federal Reserve. Follow @chrisrossini on Twitter.

Parallels: U.S. Relations with Cuba & Iran

By Chris Rossini

Yesterday's Ron Paul weekly article concentrated on Cuba and how relations between the island and the U.S. became so abnormal.

Below I'd like to draw some parallels to Dr. Paul's description of Cuba with U.S. interventions in Iran. You'll notice that the two interventions are really quite similar.

Martin O'Malley's Healer Nation

By Chris Rossini

Democratic Presidential Contender, Martin O'Malley penned a foreign policy article for TIME.

Here's the highlight reel:

After more than 12 years on the battlefields of Iraq and Afghanistan, and after a global financial crisis that decimated our middle class, it is understandable that many Americans would like to disengage from the world. But our country’s security and prosperity demand that we be more engaged in the world, not less.

Looks like neocon Hillary has some neocon competition.

We must listen to U.S. military leaders who have long recognized that climate change is a national security threat.

Listen to the military on climate change? The U.S. military is one of the largest polluters on the face of the Earth! Let's pass on that.

We must recruit a new generation of Americans to exercise our global economic, diplomatic, military, and healing power in ways consistent with our values.

Yes, O'Malley used the words "healing power". Add that one to your copy of The Exceptionalist Lexicon.

We must lead the world by strengthening the American middle class and supporting the rise of a global middle class — free from want, and free from fear.

Even though the U.S. government (and The Fed) have almost completely destroyed the American middle class, O'Malley wants to take the circus on the road.

Free from want?

Free from fear?

How about free from government instead...

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Chris Rossini is author of Set Money Free: What Every American Needs To Know About The Federal Reserve. Follow @chrisrossini on Twitter.

Ron Paul's New Book "Swords into Plowshares"

By Chris Rossini

In his latest book, Swords into Plowshares, Dr. Paul reveals an intensely personal side as he reflects on growing up during World War II. The book also provides a powerful critique of the corruption and corrosion produced by a 20th century full of war and killing. Ever the optimist, however, Paul leaves behind the ashes of a 20th century of war to finish with a stirring, liberating view of the future we may choose if we turn from war and violence.

Official publication date is July 17. Order today on Amazon.

(h/t Tom Woods)

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Chris Rossini is author of Set Money Free: What Every American Needs To Know About The Federal Reserve. Follow @chrisrossini on Twitter.

Chris Christie on The Great Wall of Trump

By Chris Rossini

Chris Christie had a few words about the proposed Great Wall of Trump:

"Please be careful about anybody who's running for president who is going to tell you that they're going to build a wall across the entire southern border. It's not going to happen; it's the wrong message to send and it's not going to be effective."

Ok...that's actually true. The Great Wall of Trump is a ridiculous solution.

Christie even seems to understand why:

"I know the human spirit," he added. "I've never seen a wall that was big enough or tall enough to stop a person who was determined to get over, under or around it from getting over, under or around it."

2-for-2!

But how well does Christie really understand the human spirit? If a person cannot be stopped from going through a government wall, can that same person be stopped from using drugs if government makes it illegal?

It is here that Christie tosses his understanding of the human spirit. Not only is he against the legalization of drugs, but he promises to crack down on the states that have legalized it should he become President.

Do people who are determined to use drugs "get over, under or around" the fact that government has made them illegal? Of course.

Is Christie blowing smoke about the human spirit? Of course.

He's just taking a poke at another guy who is vying for the very same Crown.

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Chris Rossini is author of Set Money Free: What Every American Needs To Know About The Federal Reserve. Follow @chrisrossini on Twitter.

Baltimore Through Rose-Colored Glasses

By Chris Rossini

Rep. Elijah Cummings has a peculiar perspective on Baltimore since the riots occurred:

“They have not slipped back as business as usual,” Cummings said. I think the mayor [Stephanie Rawlings-Blake] has worked very hard to pull us together,” he added, pointing to progress in fighting joblessness and problems in the criminal justice and education systems.

Meanwhile Tom DiLorenzo points out:

There have already been 104 homicides in Baltimore this year, 47 more than at the same time last year, with the victims almost exclusively black.  How can this be?  There is not a single Confederate flag flying over ANY government building anywhere in the state of Maryland — or in nearby D.C.

Is Rep. Cummings talking about the same Baltimore as DiLorenzo?

I assume that since he's a Representative of Maryland that he is.

As best as I can tell, the minimum wage has not been abolished in Baltimore, the drug war is still being waged, and government welfare and regulations have not been peeled away.

Not only is it "business as usual" in Baltimore, it's actually much worse since the riots.

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Chris Rossini is author of Set Money Free: What Every American Needs To Know About The Federal Reserve. Follow @chrisrossini on Twitter.

Ted Cruz & The Tyranny of The Majority

By Chris Rossini

Ted Cruz is really upset about the Supreme Court's decision on gay marriages.

My libertarian position is that neither federal, nor state governments should have any business whatsoever being involved with marriages. So the Supreme Court's decision is really just a case of the big thug kicking around the little thugs.

Create a group of thugs and it's inevitable that they'll keep consolidating into bigger and bigger oppressors.

But back to Cruz...

Ted says:

“Today’s decree says that my Ruler, and the Ruler of 320 million Americans coast-to-coast, is a majority of the nine lawyers on the Supreme Court.”

Ahh yes, the tyranny of the majority. Ted doesn't like it (in this case).

But guess what Cruz's solution to the problem is?

“A remedy is needed that will restore health to the sick man in our constitutional system," he continued. “Rendering the Justices directly accountable to the people would provide such a remedy.”

Cruz wants the majority of Americans to decide who stays, and who goes, as a Supreme Court Justice.

It's like watching a dog chase its tail.

Apparently Cruz doesn't see the folly of his thinking.

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Chris Rossini is author of Set Money Free: What Every American Needs To Know About The Federal Reserve. Follow @chrisrossini on Twitter.

Billionaire Money Junkies

By Chris Rossini

Billionaire money is a common addiction for politicians seeking the Crown. It's been widely reported that Marco Rubio has a steady drip of Norman Braman money pumping into his veins.

Apparently looking for an even higher high, Rubio is a Koch-head as well:

Rubio spoke before the Concerned Veterans for America, a Koch-funded group aimed at reforming the Department of Veterans Affairs, and Americans for Prosperity, the brothers' flagship organization with an aggressive ground game and paid media operations in key states.

This is all textbook junkie behavior in crony-fascist America, but what caught my attention is Marco's interpretation of the deal.

Rubio says:

"People buy into my agenda, I don't buy into theirs. My stands are not influenced by my contributors, I hope my stands influence my contributors."

Here's a pro-tip for all observers...Billionaires do not shower politicians with money to be influenced by them.

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Chris Rossini is author of Set Money Free: What Every American Needs To Know About The Federal Reserve. Follow @chrisrossini on Twitter.

How Long Until Hollande Is Cool With It?

By Chris Rossini

The U.S. spied on Germany's Angela Merkel. But she's cool with it now.

Brazil's President Dilma Rousseff was furious after Snowden's NSA revelations. But she's also cool with it now.

Yesterday, news came out that the U.S. has been spying on France's last three Presidents. Francois Hollande says that this news is "unacceptable" and "France will not tolerate actions that threaten its security and the protection of its interests."

How long until Hollande is cool with it too?

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Chris Rossini is author of Set Money Free: What Every American Needs To Know About The Federal Reserve. Follow @chrisrossini on Twitter.

The World's Largest Employer Is A Destroyer?

By Chris Rossini

Unfortunately, yes.

Take a look:

The largest employer in the world should be a producer...a creator...an entrepreneurial powerhouse.

That the largest employer is a tax-guzzler, resource waster, war & destruction specializer does not bode very well for life & liberty in the world.

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Chris Rossini is author of Set Money Free: What Every American Needs To Know About The Federal Reserve. Follow @chrisrossini on Twitter.

I'd Never Make It As A Politician's Aide

By Chris Rossini

If I were to "work" for the Governor of Hawaii, I wouldn't last very long.

Just yesterday, the Governor signed a law raising the smoking age in Hawaii to 21. The Governor said:

"Raising the minimum age as part of our comprehensive tobacco control efforts will help reduce tobacco use among our youth and increase the likelihood that our [children] will grow up tobacco-free."

How interesting.

As a very conscientious aide, I would always look to do my "job" efficiently. I'd take that very sentence from the Governor and save it to my notes.

The next time that the Governor went to raise the minimum wage, I'd go to my notes and grab the sentence. I'd replace a couple of words, and put the sentence on the Governor's desk so that he could recite it to the press:

"Raising the minimum wage as part of our comprehensive economic control efforts will help reduce employment among our youth and increase the likelihood that our [children] will grow up job-free."

That would be my last day at "work" for sure.

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Chris Rossini is author of Set Money Free: What Every American Needs To Know About The Federal Reserve. Follow @chrisrossini on Twitter.

Jeb's Gibberish

By Chris Rossini

In a free society, no one would be forced to exchange with anyone else. Your property is yours, your neighbor's property is his, and exchanges would be voluntary.

Unfortunately, we do not live in a free society, but one where people seek to force others to make exchanges that they wouldn't make on their own volition. The coercive exchanges are (of course) enforced by the violent and aggressive government.

Check out how Jeb Bush dances around the issue of merchants who don't want to exchange with gay people:

“The answer to this is, if someone walks into a flower shop and says, ‘I’d like to buy flowers,’ you shouldn’t be able to discriminate against them because they are gay. But if you’re asking someone to participate in a religious ceremony or a marriage, they should have the right of conscience to be able to say, ‘I love you, but I can’t do it because it goes against my religious teachings,’”

So Jeb believes that government should force all merchants to sell to gay people, unless the gay people are performing some type of ceremony. If there's a ceremony the merchants can say "I love you (???) but I don't want to make this exchange".

Leave it to a campaigning politician to utter such nonsense. Jeb, in trying to straddle the issue like a jockey, but he only ends up looking like a fool.

Of course, this conversation wouldn't be happening in a free society. A person's religious views would also be irrelevant. People could exchange with whoever they want, and reject making exchanges for any reason whatsoever.

In fact, customers do have that kind of freedom right now. Customers are free to discriminate for whatever reason they want, and against anyone that they want. A customer can see a gay merchant and walk right by the store, swearing that he'd never step foot into it. Jeb will not force the customer to buy, even though there is blatant discrimination.

Choosing against making an exchange is not an aggressive act. It may be bad for business. It may be stupid in some people's opinions. It may offend some people. But it is not aggression.

Government illogic dictates that they must use aggression to combat non-aggression.

Hence the never-ending conflict.

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Chris Rossini is author of Set Money Free: What Every American Needs To Know About The Federal Reserve. Follow @chrisrossini on Twitter.

Bubble-Riding Politicians

By Chris Rossini

Central Bankers are the source of inflation and the wild boom/bust cycles that we experience. Politicians are like surfers. Some ride the bubbles, while others ride the busts.

It's always entertaining when a politician that rides the artificial bubble looks to take credit for it, as if it was their genius mind that created it. They steered the big bureaucratic monster just the right way. Of course, that's not true at all. It is the central bank that creates the fantasy that must ultimately turn into an economic nightmare.