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That's not actually the case. If you look at the money supply for the US it has a pretty constant growth rate over the last 8 decades - while the Federal Reserv
by neffy 8y ago
That's not actually the case. If you look at the money supply for the US it has a pretty constant growth rate over the last 8 decades - while the Federal Reserve claims to be messing around with the interest rate to control the economy, the actual evidence that this is the case is quite lacking. (Illusion of Control problem)
So yes, it's not about the President, but the nature of control over the financial system is not through the interest rate channel either.
- vivafrance 8y agoThe Fed stopped publishing the amount of M3 money a long time back. Do your homework. They literally printed 4 trillion dollars to buy up everyone's debt following 2008.
- codexon 8y ago"If you look at the money supply for the US it has a pretty constant growth rate over the last 8 decades" I'm not sure how you can come to that conclusion given it is common knowledge and fairly obvious that the Fed has been inflating the economy at absurd amounts to get us out of the 2008 crash. https://fred.stlouisfed.org/series/BASE https://fred.stlouisfed.org/series/BASE