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I believe the Fed's mandate is wrongly placed. The Fed should only be responsible for money supply, not for full employment. Full employment should be a burden
by NTDF9 8y ago
I believe the Fed's mandate is wrongly placed. The Fed should only be responsible for money supply, not for full employment.
Full employment should be a burden taken on by elected representatives in congress or the executive.
The dual mandate asks a fish to make sure the boat flies.