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Lyn is a bit of a crank. It's unfortunate to see her work posted here. The Fed didn't "go broke" none of this really matters because the Fed's job isn't to mak
by arcticbull 4y ago
Lyn is a bit of a crank. It's unfortunate to see her work posted here.
The Fed didn't "go broke" none of this really matters because the Fed's job isn't to make profit, it's to manage the money supply. The 'losses' here just indicates an outflow from one part of their operation but it's meaningless out of context.
[edit] To be clear this article is actually pretty good, and comes to roughly the same conclusion. My statement that she's a crank has to do with her voodoo economics/mental gymnastics in support of Bitcoin.
- Accujack 4y agoWhat do you base this on? Sources?
- arcticbull 4y agoThis article is actually pretty well written, so credit where due, it's all her Bitcoin quackery. I don’t really trust any flat earthers to write physics blogs.
- yuvadam 4y agoShe rarely mentions Bitcoin in her research, and when she does she always sticks to the facts. You're engaging in a blatant ad hominem attack on someone who's constantly producing high quality research on a variety of topics - seems pretty uncalled for.
- yao420 4y agoRarely mentions? Every other article on her page is about crypto.
- garbagecoder 4y agoAny article about the Federal Reserve that isn't talking about their discount rate is more or less presumptively quackery until proven otherwise. As other commenters have pointed out, this criticism here has nothing to do with what the Fed is for or about. If you're asking for sources, try an intro level macroeconomics textbook.