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Considering The Fed's abysmal track record, I fear the only outcome of this is more boom and bust cycles. Maybe we would be better off without Fed and Treasury
by balozi 4y ago
Considering The Fed's abysmal track record, I fear the only outcome of this is more boom and bust cycles. Maybe we would be better off without Fed and Treasury intervention.
- colinmhayes 4y agoThe fed and it’s macroeconomic policy is one of the biggest reasons for economic growth in the post world war 2 era. Obviously they’re not perfect, but they’re the main reason we don’t have 40 year recessions anymore like we did in the 19th century.
- boppo1 4y agoCan you support this? Could it be that their policy was bad but even bad policy couldn't stop the US, which spent WW2 turning into a manufacturing powerhouse while all its competition was getting leveled from the sky? Maybe the production of useful goods and services lead to wealth, not policies formed by comittee.
- al_mandi 4y agoDidn't they deal with interest during those periods that caused the long recessions you're talking about? I think we're seeing a pattern here.