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Have you ever considered that the FED just really doesn't know what it's doing? Their track record clearly shows they are shooting in the dark on every policy d
by kory 4y ago
Have you ever considered that the FED just really doesn't know what it's doing? Their track record clearly shows they are shooting in the dark on every policy decision they make. The economy is an extremely volatile, unpredictable, and sensitive system.
I doubt the grand conspiracy theories about the FED. As they say, "never attribute to malice what can be attributed to..."
- andai 4y agoOn the other hand, one might just as easily say "Never attribute to incompetence that which can be explained by corruption." In eastern europe this worldview is taken for granted, and is largely accurate. While the west seems less corrupt on many fronts, to a large degree people are just better at hiding it—instead of doing it out in the open, things are revealed years after the fact by whistleblowers.
- beepbooptheory 4y agoSure but thats not much better! Like either there is grand conspiratorial malice, total incompetence, or the classic 'actually, this is how its supposed to work'. Honestly a toss up to me which of these three is the worst. And I don't think my criticisms or diagnoses would change that much for any of them. I feel in fact that they are all probably true and connected. One person's incompetence probably stems from another's malice, which itself stems from the possible actions and consequences a given system provides and authorizes.