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While the Federal Reserve talks a lot about how its rate policies have improved the economy, actual figures from inflation and unemployment don't back up any of
by freeone3000 6y ago
While the Federal Reserve talks a lot about how its rate policies have improved the economy, actual figures from inflation and unemployment don't back up any of the improvements they're claiming, and haven't for years. Now, the Fed is moving the goalposts -- saying low unemployment can no longer be a reason for a rate increase, only inflation, since inflation has also stayed lower than the target metric. As inflation generally rises when people have more money to spend, this implies that even though the unemployment figures are way down, and the stock market is way up, people and businesses aren't actually spending any more money. Why not? Simplest answer is "they don't have money to spend".
- deleted 6y ago[deleted]
- nojokes 6y agoYes, all this money "printing" appears to inflate only asset prices. It is a great generator of inequality.