3 ms·

Well no that's not the answer. There are about 7 people in the world that have the ability to double the amount of cash that exists - in the matter of seconds.

Well no that's not the answer. There are about 7 people in the world that have the ability to double the amount of cash that exists - in the matter of seconds. Those people rule the money.

eshack94 3y ago
These people rule the signaling protocol.
mwsfc 3y ago
Your response was to the poster who said "It's a complex system, a feedback loop." That about sums it up. Your seven people operate inside this system. They don't have complete freedom to do what they want willy nilly.
- kylebenzle 3y ago
  Jerome Powell does actually have the freedom to do what he wants willy nilly. He might have consequences but he has the power and freedom to "set the price" of the USD.
  - ethanbond 3y ago
    No, he doesn't. There are feedback loops that mitigate his power. Thus no one "controls" it. Different people have different levers.
  - mwsfc 3y ago
    Jerome has levers to nudge things up or down to implement policy. But he is not the final arbitor. The market is. It always is.