3 ms·
it's not that they don't think there should be economic booms, just that when they are artificially amplified by newly printed money, they tend to disproportion
by tenuousemphasis 6y ago
it's not that they don't think there should be economic booms, just that when they are artificially amplified by newly printed money, they tend to disproportionally benefit those who receive the new money first. And inevitably, those artificial booms are followed by artificially large contractions, which harm those at the bottom of the socioeconomic ladder the most.