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> The Fed isn't supposed to address any "issues", but simply be neutral. What the Fed is meant to do: https://www.federalreserve.gov/faqs/about_12594.htm http
by drewcoo 4y ago
> The Fed isn't supposed to address any "issues", but simply be neutral.
What the Fed is meant to do:
https://www.federalreserve.gov/faqs/about_12594.htm https://www.federalreserve.gov/faqs/about_12594.htm
> Instead they've spent a century saving entities that socialized private losses.
Yes, they've been around since 1913, about a century.
Don't get it mixed up, though, capitalism socializes elite private losses, not the blunt tool that is the Fed. Before that, feudalism did the same.