John Talbott's recent editorial expose (2010, The Real Reason Geithner Is Afraid of Elizabeth Warren) regarding his views on the underlying strategy driving current fiscal and monetary policies in the US is instructive for those seeking to better understand what is happening with the economy. Clearly, Federal Reserve chief Ben Bernanke and Treasury Secretary Tim Geithner are being less than transparent in their motives and intentions. In particular, their alleged strategy of rebuilding Wall Street at the expense of Main Street account holders is deflating America.
The times of elites like J P Morgan ruling over the US economy are behind us, and the American people are unlikely to tolerate these kinds of fiscal and monetary tactics and strategies over the long-term. We the people need better transparency from the Federal Reserve and Treasury Secretary in order to understand what is happening to our nation's economy.
Source: Talbott, J R (2010, July 18), The Real Reason Geithner is Afraid of Elizabeth Warren, Huffington Post.