In 2020 the Fed explicitly adopted a long-run avg. inflation target of 2%. Since we’ve moved so much productive capacity offshore, the old policy lets rival nat

In 2020 the Fed explicitly adopted a long-run avg. inflation target of 2%. Since we’ve moved so much productive capacity offshore, the old policy lets rival nations fuck with the dollar by shutting down factories and pipelines temporarily. Abandoned that policy is the rug pull.