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Appropriate management of the money supply by the Fed also created the best economic circumstances for the middle and working classes in 20 years.
by harryh 5y ago
Appropriate management of the money supply by the Fed also created the best economic circumstances for the middle and working classes in 20 years.
- deleted 5y ago[deleted]
- lumost 5y agoThe current setup isn’t the Fed acting in isolation. The federal government is now using the zero percent interest rate to distribute cash via direct payments to workers on an unprecedented scale. You could argue for cutting out the middlemen and simply having the fed issue credit cards.
- harryh 5y agoYes, fiscal policy is important as well. It's also probably true that the federal government has overdone it a bit as we're now seeing supply side driven inflation. These sorts of things are rarely handled perfectly.