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They overshoot it every time and instead of high housing prices we’ll have a recession. Layoffs and high interest rates. Can’t win either way.
by micromacrofoot 4y ago
They overshoot it every time and instead of high housing prices we’ll have a recession. Layoffs and high interest rates. Can’t win either way.
- usrn 4y ago
- thr0wawayf00 4y agoRead up on the era that preceded central banks because it sounds a lot like the crypto landscape today: fraudulent currencies and investments everywhere.
- usrn 4y agoI'd rather deal with a lot of small fraud than have the entire nation captured by a single massive inescapable fraud. That's why I don't mind crypto.
- sentirism 4y ago
- thr0wawayf00 4y agoThen boy do I have the right altcoin for you...
- usrn 4y agoNo you don't.
- Bayart 4y agoChanging obscure tender on public bridges was so much better.
- lukas099 4y agoWhom would you rather have in charge of monetary policy? Politicians?
- colechristensen 4y agoThey don’t overshot, they react too slowly. Instead of cooling down an overheated economy, they wait for the bad effects to start before they do anything.
- api 4y agoThis is probably political. That way they can blame the bad effects instead of being seen as the cause.
- Rury 4y agoI think it's just the economy is pretty large, and large things don't turn on a dime. Additionally, they're also sort of steering blind, as no one can predict future markets with perfect accuracy, and must rely on lagging indicators for direction. In other words, they know they need to turn around the ship, but it's slow to turn, and they don't know how much force they need exactly to get it to turn. They know that if they turn too fast, the ship can capsize, and if they turn too much they will overshoot. So slow and steady is the way they decide to go. Unfortunately, they tend to overshoot anyhow, as again, they rely on lagging indicators for direction.
- micromacrofoot 4y agoright I mean they overshoot everything, they wait too long on inflation, they take too long to bring rates back down after a hike... it takes years to recover
- vinyl7 4y agoRecession is a feature, not a bug
- micromacrofoot 4y agoYeah but they take too long to adjust and recovery drags on for years