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Your claim that Fed policy somehow doesn't have an impact on aggregate demand because it goes "to the wealthiest banks and corporations" is laughable for anyone
by MiroF 6y ago
Your claim that Fed policy somehow doesn't have an impact on aggregate demand because it goes "to the wealthiest banks and corporations" is laughable for anyone with an elementary understanding of economics.
We're not seeing inflation because there would have been a huge AD collapse and deflation in the absence of Fed action.