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The 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
by colinmhayes 4y ago
The 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.