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OP is misguided. The social crisis is the inflation that followed far too much quantitative easing and then government spending. It's unfortunate the fed's tool
by acchow 4y ago
OP is misguided. The social crisis is the inflation that followed far too much quantitative easing and then government spending. It's unfortunate the fed's tools are so blunt, but their approach to tackling the inflation inevitably comes in the form of layoffs. These layoffs are collateral in the fight against inflation. It will pass.
- senectus1 4y agoNot going to be popular to say, but Dont think they should be using "quantitative easing" at all. All it did is kick a can down the road and allow a bunch of dishonest players to scoop the cream off the top.
- acchow 4y agoI think that is the common belief now. QE failed and we are now reaping what we sowed.