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Do you really think that the Feds "manipulations" have been clumsy? They've managed to consistently hit about 1% inflation in a strongly deflationary environmen
by nutjob2 12y ago
Do you really think that the Feds "manipulations" have been clumsy? They've managed to consistently hit about 1% inflation in a strongly deflationary environment. They've done an outstanding job in that respect.
- rsynnott 12y agoThey're aiming for 2%, not 1%. That said, it's still impressive that they've managed to avoid deflation.
- FeloniousHam 12y agoI was trying to be generous to the anti-Fed types--personally, however broken and corrupt the Federal Reserve systems are (again, being generous to the Zeitgeist), things are pretty good. Occasionally you get cheap money bubbles that are a direct result of Reserve Bank decisions, but on balance, IMO, it's an overwhelmingly positive system.