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Because we've got to have someone pulling levers to manipulate the economy...

• Retra 11y ago
  Unless you've got a way to stop people from having economic power, that is an inevitability.
  • shasta 11y ago
    I wouldn't count ordinary participation in markets as lever pulling manipulation. And my point wasn't that the fed isn't useful in practice, but rather that its presence is a sign of broken fundamentals.