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> The policy tool deployed to create jobs has been to use the central bank (via its mandate to maintain employment) to inflate the currency. In my previous com
by taxicabjesus 9y ago
> The policy tool deployed to create jobs has been to use the central bank (via its mandate to maintain employment) to inflate the currency.
In my previous comment here, I compared the United States' post-Carter economic policy to medicating with street stimulants [1].
[1] https://news.ycombinator.com/item?id=15301731 https://news.ycombinator.com/item?id=15301731
I also like to compare the government's money-pumping schemes to firefighters who point their hose where they see the fire (above the roof), instead of fighting it at its source.
Firefighters are smarter than that. I think 'gullible' is a requirement for most elected offices.