SUMMARY:

SUMMARY:

PREFACE:

SUMMARY:
Often, the biggest consequence of Federal Reserve interest rate decisions isn't a consequence of the interest rate itself.  Instead, its a consequence of how the changing interest rate impacts investor psychology.  In the case of the 1920s and Tech Stock bubbles, the Fed created a new type of person - the "shin gin ri."

"It is in the interest of tyrants to reduce the people to ignorance and vice.  For they cannot live in any country where virtue and knowledge prevail." - Samuel Adams