4 ms·
I don't think it's about being fair or unfair... I just think it's the only pedal the Fed has. And the Fed is the only body that is able to make actions right n
by xracy 4y ago
I don't think it's about being fair or unfair... I just think it's the only pedal the Fed has. And the Fed is the only body that is able to make actions right now.
Taxes would be a great vehicle for this, because they would probably do a much better job of filling the fed's dual-mandate. But because the fed can't raise taxes, and congress can't do literally anything, we're stuck with the response that we have where a non-elected body is leaning on the only lever it has to run our economy.