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I just posted the same as you. Just a minor comment, I do not believe this is inefficient, but their target is not the economy but the rich. There is no way an
by kmonsen 6y ago
I just posted the same as you. Just a minor comment, I do not believe this is inefficient, but their target is not the economy but the rich. There is no way an economist does not know what you said.
- TAForObvReasons 6y agoIt's arguably inefficient from the perspective of the dual mandate (price stability and maximum sustainable employment), but what the fed did would be efficient under the view that employment is too high to be sustainable.
- vkou 6y agoThat makes sense on a macro-economic level, but is an absolutely insane policy in a country with so few safety nets.
- deleted 6y ago[deleted]