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I realize you are not proponing printing, but wouldn’t the Fed realize that continuing to print now would be the opposite of what is needed? Wasn’t it precisel
by indigodaddy 4y ago
I realize you are not proponing printing, but wouldn’t the Fed realize that continuing to print now would be the opposite of what is needed?
Wasn’t it precisely allowing the insanely low interest rates allowed to sustain over an unprecedented years-long period, coupled with non-stop printing and spending, and with the Fed continuing that trend and turning a blind eye to obvious inflationary indicators from even two years ago, and doing nothing until the non-gradual knee-jerk rate hikes in a 6 month (with the speed of which has proven deleterious to the system) period—- that caused this specific situation?
- roenxi 4y agoFor practical purposes they've had benchmark interest rates at 0% for a decade. They have a fig leaf over that because they made it to 2% in the late 2010s before they folded and went back to 0%. Anyone who thinks 0% made sense for that long just thinks 0% makes sense. They probably aren't capable of spotting a situation where positive interest rates are sensible.
- indigodaddy 4y agoIt’s completely insane that they did that..