3 ms·
It's a moot point, but I'd consider the Fed and its mandate and operating procedures and target as part of the design of the modern USD (just as other regimes l
by notahacker 5y ago
It's a moot point, but I'd consider the Fed and its mandate and operating procedures and target as part of the design of the modern USD (just as other regimes like Bretton Woods were also specific policy choices intended to achieve specific ends, not something which spontaneously appeared or naturally evolved)