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> Doesn't seem like the levers they have are working. Economic growth rather than inflation is the goal. Nope, economic growth is not the goal. Inflation targe
by MiroF 6y ago
> Doesn't seem like the levers they have are working. Economic growth rather than inflation is the goal.
Nope, economic growth is not the goal. Inflation targeting and unemployment targeting is the goal.
I don't see how you can claim that the levers "aren't" working if you don't know what would have occurred without the Fed action.
- Talanes 6y agoThe other poster said "doesn't seem," which is already an admittance that it is just anecdotal observation. I'm also not sure what you're hoping to accomplish here. Yes, quantifiable claims are better than subjective ones, but "no one knows what would have happened otherwise" is just an argument that justifies literally any action.
- MiroF 6y ago> just an argument that justifies literally any action. I'm saying having a model for what you're talking about and also having empirical research about what has happened with similar interventions on the aggregate is good. Looking at a single intervention in response to a massive calamity and saying "well that didn't work because things were bad after!" is what I'm trying to critique.