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I'm not the person you responded to, but to me stability also implies artificially propping up parts of the economy that should otherwise be in-decline. It's no
by BitwiseFool 5y ago
I'm not the person you responded to, but to me stability also implies artificially propping up parts of the economy that should otherwise be in-decline. It's not necessarily the same as growth at all costs, but I sense it is related.
- batshit_beaver 5y agoCounter point: maybe prices (including on assets) should be allowed to go up, so that their prices better reflect their value relative to productivity? The fed didn't really prop up any major industry this time around (unlike in 2008), just added fuel to the fire to keep the whole economy going.
- dnautics 5y ago> The fed didn't really prop up any major industry this time around (unlike in 2008), just added fuel to the fire to keep the whole economy going. So, what you are saying, is: they propped up the financial industry.