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The Greenspan Fed and the Bernanke Fed maybe. This issues have been a long time coming. Blaming them on the current cohort is naive. This pretty much just boil
by anm89 4y ago
The Greenspan Fed and the Bernanke Fed maybe. This issues have been a long time coming. Blaming them on the current cohort is naive.
This pretty much just boils fown to wokist 'ignore the systemic issues and make sure you have someone to publicly yell at" politics. Not a great look for a 17 year old on tik tok. Certainly not a great look for the UN
- boppo1 4y agoHell yeah someone who gets it. Maybe you can help me: Greenspan wrote a pretty pro-gold standard paper when he was young. When did he turn into an interest rate interventionist? Did he write about it? Seems like the prevailing theory is that increasing the maximum money supply increases jobs, ala Keynes's buried money jars. But I can never seem to find anyone who addresses the quality of those jobs i.e. impact on the (real wealth)/(money supply) ratio.
- taolegal 4y agoI'm somewhat convinced that Say's Law was the big detour from sensible economic theory. Simply put, production sustains humanity. Without production somewhere there's no consumption. Handing out money fundamentally does not spur production. But also since money is half of every transaction, the scarcity of money & the value of money over time is crucially important to not interfere with.
- deleted 4y ago[deleted]