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The Fed doesn't compel, greed compels and the Fed just gives the greedy the signposts they want.
by asadotzler 3y ago
The 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?