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"The Fed" is not all one thing, and the majority of the members don't behave as if they want inflation. They want bank balance sheet stability. The "helicopter
by ArkyBeagle 11y ago
"The Fed" is not all one thing, and the majority of the members don't behave as if they want inflation. They want bank balance sheet stability.
The "helicopter" thing is a metaphor, not to be taken internally. The is a related action to be taken but it's not nearly as exciting as helicopters :)
I hope very much that you are correct, but I'm kinda droopy about the prospects, frankly.