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Anyone who openly advocates for wide price controls like the ought to be ridiculed away from public office. Just as anti-science as being antivax in my view.
by missedthecue 5y ago
Anyone who openly advocates for wide price controls like the ought to be ridiculed away from public office. Just as anti-science as being antivax in my view.
- WastingMyTime89 5y agoThe FED already controls prices. That’s in its mission: keeping prices stable and limiting unemployment. The ECB is even worth: it’s sole mission is keeping inflation at 2%. The WSJ coverage is just poor.
- twblalock 5y agoThe Fed does not set prices. It tries to keep inflation down but not by diktat -- instead it uses policy tools like the federal funds rate which causes a ripple effect throughout the banking system.
- WastingMyTime89 5y agoWhere did I write that the Fed set prices? Where did you read that Omarova wanted the Fed to set prices? Omarova wants the Fed to exercise more control on prices. The commenter I was replying to implied this was crazy despite the Fed already controlling prices. The fact that it does so through a set of different financial tools (the federal funds rate is only one of them) is not really relevant to this point.