3 ms·
It's arguably inefficient from the perspective of the dual mandate (price stability and maximum sustainable employment), but what the fed did would be efficient
by TAForObvReasons 6y ago
It'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.