4 ms·
It’s very simple. Fed needs to stop printing / creating money. High inflation has painful solutions. Pain from inflation is worse than basically any of the b
by treeman79 4y ago
It’s very simple. Fed needs to stop printing / creating money.
High inflation has painful solutions. Pain from inflation is worse than basically any of the benefits from the extra spending government has done the last many years.
- toomuchtodo 4y agoThe answer is the Fed does its job when it can (stoking aggregate demand with cheap money, destroying it when credit expansion velocity exceeds certain metrics), and Congress enacts fiscal policy instead of being useless. If you leave it all to the Fed, everything is a nail, with the hammer being the benchmark rate. Creating too much money is not great, but poorly targeted or no government fiscal policy is equally disastrous. No one party is at fault, the system requires fixing.
- toomuchtodo 4y agohttps://pca.st/episode/453fe02e-922c-4d78-af1a-ba109d436337 https://pca.st/episode/453fe02e-922c-4d78-af1a-ba109d436337 (First 7 min)