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So you agree that in the long term, money supply should closely follow real output. It's only in the short term that the Fed is allowed to untether them for the
by sigil 15y ago
So you agree that in the long term, money supply should closely follow real output. It's only in the short term that the Fed is allowed to untether them for the purposes of intervention. Let's not forget that the Fed's monetary policy in the 2000's helped create this situation: economic intervention necessitates further economic interventions. It's no wonder people are heading for the exits via BitCoin.