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The so-called "free market" isn't really free. It's dominated by the biggest players, who do their best to manipulate it for their own self-interest. In order t
by allears 4y ago
The so-called "free market" isn't really free. It's dominated by the biggest players, who do their best to manipulate it for their own self-interest. In order to have an economy that is broadly beneficial for the greatest number of citizens, regulation is absolutely necessary. And even then, market manipulation and unequal distribution of wealth is still a real problem.
- salawat 4y agoThe Federal Reserve has nada to do with that. That's FTC, SEC, FINRA, and CFPB. The Federal Reserve is literally only monetary policy through the FR Banks. And all they seem to have a really good track record of doing is working with D-o-Treasury and Congress to inflate asset prices.