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Of course I'm aware of the Fed. Do you think that the current market interventions are the best way to operate? In an ideal world, wouldn't the economy be much
by greenonions 6y ago
Of course I'm aware of the Fed. Do you think that the current market interventions are the best way to operate? In an ideal world, wouldn't the economy be much better off if it were able to sustain events like pandemics without interventions?
The guarantee by the Fed of asset prices will lead to more inequality as asset valuations are disconnected from their returns. Do we want this to happen? Same with the government interventions in zoning, is this what we want? It doesn't cost near as much to build a house or apartment as it is to find a place that you are allowed to. Do we want to continue to allow housing costs to be disconnected from what a house actually costs to produce?