Tom Paine 1949
Diamond Member
- Mar 15, 2020
- 5,407
- 4,507
You are not making yourself very clear.Fed should not being manipulating American finances over an arbitrary “magic line” 2% inflation rates
It’s exactly like when CDC tried to control the air.
Do you want to “abolish” the Federal Reserve? Are you saying the Fed should not try to control inflation at all? That it should accept a higher inflation “norm”? That it should change its structure? Just change particular policies?
Which ones? Should it temporarily ease off its QT and interest rate hikes? Should it give up the “discount window” loans it provides to backstop weak banks facing liquidity problems or temporary bank runs? Should we also abandon all FDIC insurance, bank and financial security market regulations?
Here’s a modest concrete proposal I included in a separate discussion entitled: A little sanity on the latest bank “crisis”
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