3 ms·

I'd give them more credit for digging us out of the hole, but I think having the Fed rate near 0% for so long created most of problems in the first place. That

by xscott 3y ago

I'd give them more credit for digging us out of the hole, but I think having the Fed rate near 0% for so long created most of problems in the first place. That started well before the current or previous administration. (I know we're supposed to make a distinction between the Fed and the Gov, but I don't really) Your point on FDIC is well taken though. That worked as intended and maintains my faith in the banking system.

dragonwriter 3y ago
> I'd give them more credit for digging us out of the hole, but I think having the Fed rate near 0% for so long created most of problems in the first place If by “problems” you mean the strong rapid recovery from the sharpest recession in quite a while, yes, Fed policy (and rare strong fiscal policy response) contributed to that, but, so that’s actually a good thing.
- xscott 3y ago
  Things don't have to be just STOP!!! or just GO!!! Hindsight is 20/20, but a little more moderation along the way might have been a good thing. And yeah, recovering from a recession is good, but the crazy positive stock market growth after recovering, in a country that isn't really growing it's production or population, should tell you that a comeuppance was on the horizon. btw: That "If by X you mean Y" type of statement... It's snarky and sarcastic. I wish people could just talk without being jerks.
  - dragonwriter 3y ago
    Btw: using “btw” to point out an obvious and obviously intentional feature of the lost you are responding to is snarky and sarcastic, which is hypocritical in a plea against snarky sarcasm.
    - xscott 3y ago
      I see. Please don't reply to me again in the future, and I won't reply to you. You are not the kind of person I want to talk to.
      - dragonwriter 3y ago
        You are free to respond or not as you wish, but you aren’t important enough for me to take the steps that would be necessary to remember this request and who made it (if it was 1990s usenet, I could just drop you in a killfile, but alas, “progress” isn’t always all its cracked up to be.)
      - AnimalMuppet 3y ago
        When you post on a public forum, it's public. You don't get to dictate who can and cannot respond. If you don't like it, don't post in public.

by xscott 3y ago

dragonwriter 3y ago

> I'd give them more credit for digging us out of the hole, but I think having the Fed rate near 0% for so long created most of problems in the first place If by “problems” you mean the strong rapid recovery from the sharpest recession in quite a while, yes, Fed policy (and rare strong fiscal policy response) contributed to that, but, so that’s actually a good thing.

xscott 3y ago
Things don't have to be just STOP!!! or just GO!!! Hindsight is 20/20, but a little more moderation along the way might have been a good thing. And yeah, recovering from a recession is good, but the crazy positive stock market growth after recovering, in a country that isn't really growing it's production or population, should tell you that a comeuppance was on the horizon. btw: That "If by X you mean Y" type of statement... It's snarky and sarcastic. I wish people could just talk without being jerks.
- dragonwriter 3y ago
  Btw: using “btw” to point out an obvious and obviously intentional feature of the lost you are responding to is snarky and sarcastic, which is hypocritical in a plea against snarky sarcasm.
  - xscott 3y ago
    I see. Please don't reply to me again in the future, and I won't reply to you. You are not the kind of person I want to talk to.
    - dragonwriter 3y ago
      You are free to respond or not as you wish, but you aren’t important enough for me to take the steps that would be necessary to remember this request and who made it (if it was 1990s usenet, I could just drop you in a killfile, but alas, “progress” isn’t always all its cracked up to be.)
    - AnimalMuppet 3y ago
      When you post on a public forum, it's public. You don't get to dictate who can and cannot respond. If you don't like it, don't post in public.