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> ..."evil" bankers are held accountable by the judiciary and regulators ...by the judiciary and regulators only so far as the (imperfect) legislation of the d
by bradwood 5y ago
> ..."evil" bankers are held accountable by the judiciary and regulators
...by the judiciary and regulators only so far as the (imperfect) legislation of the day allows.
You are forgetting the unelected central bankers who knowing refer to inflation as "transitory" when they know, and we know, it isn't.
You are forgetting the guys who decide to print 40% more US Dollars in 18 months without giving the electorate an opportunity to weigh in on this drastic decision.
These central bankers are the so-called "evil bankers" -- the Wall St types just want to make money and while that might be greedy, at least they're honest about it.
- lottin 5y agoManaging the money supply according to a democratic mandate doesn't constitute "evil", sorry. I thought this was a serious discussion.
- bradwood 5y agoNote the word "so-called". And note the use of quotes citing the OP. This is a very serious discussion. On a side note, where is that "democratic mandate" of which you speak? Been looking for a while and can't seem to find it.
- lottin 5y agoYou can't find the mandate? https://www.federalreserve.gov/aboutthefed/section2a.htm https://www.federalreserve.gov/aboutthefed/section2a.htm
- Kbelicius 5y ago> You are forgetting the unelected central bankers who knowing refer to inflation as "transitory" when they know, and we know, it isn't. This is not true, that bankers refer to inflation as something "transitory" as you put it. Maybe they talk like that about current inflation rates but certainly not about inflation itself.