3 ms·

Tbf Jerome Powell et all had 0 control over the trillions in stimulus spending. How much can you fault them for trying to appease the lunatics in Congress?

• 7speter 4y ago
  >Tbf Jerome Powell et all had 0 control over the trillions in stimulus spending. Right, the fed injected trillions into the economy via monetary policy. Sources to start: https://www.reuters.com/article/us-health-coronavirus-federalreserve-mar-idUSKCN24E13G https://www.reuters.com/article/us-health-coronavirus-federa... https://markets.businessinsider.com/news/stocks/fed-repo-trillions-added-to-fight-coronavirus-economic-risk-recession-2020-3-1028991278 https://markets.businessinsider.com/news/stocks/fed-repo-tri... https://www.investopedia.com/government-stimulus-efforts-to-fight-the-covid-19-crisis-4799723 https://www.investopedia.com/government-stimulus-efforts-to-... I don't have a final number but please stop spreading disinformation, whether in bad faith or not.
  • imtringued 4y ago
    Ok now what? Are you going to reduce the money supply? I don't think so. Nobody wants to reduce the money supply because that would be theft or expropriation or whatever convenient excuse. So instead there is inflation/expansion of the money supply.
  • deleted 4y ago
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