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This report is an annual survey with published methodology and unsurprising results. Why does everything involving the Fed turn into a conspiracy theory? You c
by mikeyouse 3y ago
This report is an annual survey with published methodology and unsurprising results. Why does everything involving the Fed turn into a conspiracy theory? You can see exactly the composition of the increase in net worth, there's no secret motive to publishing this report that they always publish - it's just survey data.
The dataset is actually really interesting: https://www.federalreserve.gov/econres/scf/dataviz/scf/chart/#series:Net_Worth;demographic:all;population:all;units:median https://www.federalreserve.gov/econres/scf/dataviz/scf/chart...
- drewcoo 3y ago> Why does everything involving the Fed turn into a conspiracy theory? Because they are a secretive cabal of elites who have some control over the economy. Or maybe because they keep telling us "the economy" is great but most people's day to day lives are worse and we can tell when someone's lying to us even if we can't quite pinpoint that lie.
- epistasis 3y agoMost people's day to day lives are worse? Whose? By what metric? In an age of mass propaganda, of all the people who are lying to you for their own purposes, why in the world would you think it's the Fed?