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Agree but the real issue here is that the Fed seems helpless with their tool set. They can pump money into the economy but that money is not used for productive
by heisenbit 10y ago
Agree but the real issue here is that the Fed seems helpless with their tool set. They can pump money into the economy but that money is not used for productive but only for speculative purposes. By pushing in more money at the asset side of things they devalue relatively the labor side of things. Re-balancing would require enabling more small scale capital accumulation vs. the current policy of supporting large economic entities.