"Masters of the Minutia" is the Designation I Proscribe All of the Purported Authorities in Various Disciplines Who Either Know Not of Their Profound Mental Deficiency or Care Not of Their Profound Moral Deficiency, as evidenced by what would then be intentional lying motivated by self-interest.
The Fed lies on all of its released statistics because it needs to understate inflation to reduce its interest payments on the trillions of dollars of outstanding Treasury bills, notes and bonds - in addition to avoiding what they have brought within 5 inches of our doorstep - an impending, hyperinflationary great depression that would be the result of other countries dumping the 50%+ U.S. dollars that exist in circulation outside of the United States.
The United States doesn't have any way to repay all of its debt but to devalue the dollar, which destroys those countries' investments in our country.
In any event, I'd just like our "leaders" to be honest. Lying doesn't solve the problem, regardless of deranged economic policies that state boosting public sentiment will miraculously pull the economy out of Marianas Trench: That's like saying that the ostrich's practice of sticking its head into a hole to avoid danger is an effective policy.
