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Not the corporations, the Fed. The Fed introduces high correlation, compels outsized urgency and economic volatility, and directly sets unemployment targets.
by the_optimist 3y ago
Not the corporations, the Fed. The Fed introduces high correlation, compels outsized urgency and economic volatility, and directly sets unemployment targets.
- asadotzler 3y agoThe Fed doesn't compel, greed compels and the Fed just gives the greedy the signposts they want.
- the_optimist 3y agoTo the contrary, setting an employment target and maintaining high interest rates if that target is exceeded is prima facie evidence of coercion.
- asadotzler 3y agoThat's just silly.
- the_optimist 3y agoExplain why you think this. How did you think the world worked before central banking? Do you think a pack of business people grouped around a table and agreed to fire people until inflation declined?
- deleted 3y ago[deleted]
- mp05 3y agoSurely, the Federal Reserve has a good reason for everything they do. Surely.