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If you’re placing the blame at the feet of the FED then you can’t also blame the FED for correcting the mistake. Also the FED doesn’t exist in a vacuum - sayin
by ericmay 4y ago
If you’re placing the blame at the feet of the FED then you can’t also blame the FED for correcting the mistake.
Also the FED doesn’t exist in a vacuum - saying that it’s the “key contributor” doesn’t make a lot of sense. For example the FED didn’t mandate that Congress overspend by so much during the Trump admin and then produce subsequent pandemic payouts under the same admin. The FED has a mandate to get inflation down. If your business relies on low interest rates that is your fault and your problem. It’s not the government’s job to babysit your business just as it’s not the government’s job to interfere with someone taking out a high interest rate loan for a car purchase.
- chiefalchemist 4y agoI have no power or say. I'm not placing blame. I'm looking for leadership to lead. I'm looking for those who should be accountable, to be accountable. I'm not interested in the moment and the firehose of distractions. The Fed has a mandate to mitigate swings in the economy. The Fed has a mandate to prevent bank failures. And finally, The Fed was instrumental in creating the inflation. Let's not forget about that either.
- ericmay 4y ago> I’m not placing blame. > The FED… mitigate swings > The FED… prevent bank failures > The FED was instrumental… It sounds a whole lot like you are placing blame. The FED has a mandate to keep inflation around some percentage and to keep unemployment around some percentage. It most certainly does not have a mandate to prevent bank failures or “mitigate swings in the economy” whatever that means. > The Fed was instrumental in creating the inflation. Can you specify the exact actions the FED took to create inflation? Not that you are blaming them of course.
- chiefalchemist 4y agoAccountability !== blame Responsible !== blame The facts and events speak for themselves.