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Go look up the 'taper tantrum' and see what happened when the fed tried to normalize its policy a few years ago.
by 01100011 4y ago
Go look up the 'taper tantrum' and see what happened when the fed tried to normalize its policy a few years ago.
- whimsicalism 4y ago"normalize" does not mean anything because there is no base rate of interest. the Fed underpins the whole thing as it provides the reserve balances for our currency.