3 ms·
A mother who has cancer tells the kids what they need to hear. You tell the kids too much, and they grow up thinking there is no point to life. Which is not rig
by moe3 9y ago
A mother who has cancer tells the kids what they need to hear. You tell the kids too much, and they grow up thinking there is no point to life. Which is not right or good for them.
If you were in her position or the FED's you would do the same.
- linkregister 9y agoThis is a bizarre conclusion you invented whole-cloth from your tortured parable. It's not even how cancer is disclosed to children! A simple scroll through social media will show images of children "beating cancer" or missing a relative who died of cancer. The idea that the Federal Reserve lies to the populace to keep them productive is absurd. Every recession has been addressed (eventually) by the Federal Reserve. There have been catastrophic blunders, such as the tightening of credit after the sustained bank failures in 1929-1933, and the vastly too-late raising of interest rates at the height of the housing bubble in 2007. However, the directors were rightly castigated for their failures; Alan Greenspan is still mocked for failing to address reality. The Fed is blamed as a major cause of the severity of the Great Depression. Yellen et. al. have been criticized for their caution (financial news calls it "dovish" behavior). The Federal Reserve have every motivation to tell it like it is, lest they end up like Alan Greenspan.