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Every time I see the fed adjusting these levers of debasing a money they print I shake my head and wonder why no one questions these levers as leading to a heal
by emptysongglass 4y ago
Every time I see the fed adjusting these levers of debasing a money they print I shake my head and wonder why no one questions these levers as leading to a healthy economic society. Now my money is worth this much less tomorrow so now I must work this much extra for a raise to cover the loss. Doesn't this strike anyone as an absurdist parody play starring us its marionettes?
If crypto isn't the answer, what is? I think inflation and deflation are awful levers of monetary policy and should not be wielded by government institutions like the fed. They've proven themselves time and again bad stewards.
- kevviiinn 4y agoWhat I wonder is why a bunch of programmers seem to think they know economics and finance better than the fed
- TheOtherHobbes 4y agoBecause if the fed wrote software it wouldn't stay in business for long.
- Yiin 4y agoIt's like asking why nurses think they know more about hospital processes when management is making bad decisions that doesn't solve real problems. I wish you are right though.
- kevviiinn 4y agoUnless all of those programmers work for financial institutions I don't see how that analogy follows It's more like asking why patients think they know more about hospital processes when management is making (perceived) bad decisions that don't solve real problems We are users of the service, not people who work within the financial system
- emptysongglass 4y agoI am legitimately curious in any alternative that is not business as usual. Doesn't have to be crypto! Just name it.
- kevviiinn 4y agoSee I don't work in finance, and I'm not afraid to say that I actually don't know what is best. I think other people could take that avenue as well