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'The Fed as a lot of tools at its disposal...' Average and poor Americans would be better off with a simple formula to set money expansion. Then fire the priva
by landemva 5y ago
'The Fed as a lot of tools at its disposal...'
Average and poor Americans would be better off with a simple formula to set money expansion. Then fire the private 'Federal Reserve' banksters and let someone else have the contract to clear checks.
It is long past time to end the 3rd central bank.
- gibbonsrcool 5y agoExcept for their role as referee. Forcing banks to implement their real time payments system FedNow seems like a good thing, but I’m just learning about it.
- landemva 5y agoHow well did they do as referee in 2008? Did they take prompt corrective action when it was obvious banks and rating agencies were mispricing their balance sheet items, or mostly wait for explosion and then bail out their buddies?
- thow-58d4e8b 5y agoThe FED has tools to affect monetary base (physical currency + bank reserves). But inflation is mostly a function of money supply (physical currency + deposits), not monetary base. All tools at FED's disposal are very indirect, leading to frequent "pushing on a string" situations