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The 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
by lumost 5y ago
The 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.