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There were economists warning back in 2008-2010 the dangers of it. Despite the Fed being “independent” they are under enormous pressure from the government. T
by refurb 4y ago
There were economists warning back in 2008-2010 the dangers of it.
Despite the Fed being “independent” they are under enormous pressure from the government.
The prediction was that when it was time to stop printing money the Fed wont do it fast enough since the political pressure to keep the economy going will be too high.
Pretty much exactly what happened.
- theowawayfed 4y agoNah. Fed president of that time was stupid enough to continue QE until 2014