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Some people reflexively blame everything bad that happens in the economy on the Fed's QE, usually because they're outraged by it though they have no reasoned ju
by dkjaudyeqooe 3y ago
Some people reflexively blame everything bad that happens in the economy on the Fed's QE, usually because they're outraged by it though they have no reasoned justification for feeling that way.
It's like a conspiracy theory, except the "conspiracy" part is actually true (the Fed was exactly trying to create inflation), but the consequences are fanciful and legion.
- eru 3y agoWell, I blame a lot of bad things that happened, specifically the slow recovery from the 2008 recession, on the Fed not doing enough QE! (Seemingly) paradoxically, the big Fed balance sheet is also a consequence of not doing enough QE fast enough. Of course, the Fed isn't responsible for everything. For example, the Fed has nothing to do with the Jones Act.