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>I hate all these conspiracy theories. >Let's just realize that we all have a lot less control over our environment than we think we do Do the privately run s
by ashwagary 4y ago
>I hate all these conspiracy theories.
>Let's just realize that we all have a lot less control over our environment than we think we do
Do the privately run secretive organization that sets the time value of money and the people that influence it not have "control"?
To be clear, I'm talking about the central bank.
- imtringued 4y agoThe central bank has very little power over the economy actually. It basically only has one lever and it is akin to a wrecking ball. It's job is to clean up the mess, not control the economy. Fed is 98% talk and 2% action.
- ashwagary 4y ago>The central bank has very little power over the economy actually. I disagree. Any organization that can unilaterally set interest rates and add infinite assets to its balance sheet (two actions capable of moving the largest markets significantly) has tremendous amounts of control over the economy. The vast majority of people are just unaware how much of an impact monetary policy has on their behavior.