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0 sats \ 0 replies \ @Undisciplined OP 1 Dec 2023 \ on: Meta Econ Takeover Day 46 meta
The Fed has nowhere near the level of understanding that it's advocates (and many of its opponents) claim. Like all institutions of central planning, the Fed faces insurmountable knowledge problems.
It’s Time to Bust the Myth of Fed Omnipotence
By Jon Wolfenbarger
"One of the biggest and most pervasive myths in modern-day economics is the myth of the omnipotence of the Federal Reserve."