Critics argue that the focus on inflation control through high rates is outdated and does not account for the unique economic conditions post-pandemic.
More printing is the answer. Just ask Stephanie Kelton.
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119 sats \ 0 replies \ @Coinsreporter 11 Jun
You're right that they think printing more and more can sustain the economy. But, they are so wrong with it that the effects of these actions are seen everywhere.
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67 sats \ 2 replies \ @SatsMate 12 Jun
Elizabeth Warren over here begging for rate cuts - little does she know this will hurt the very people she is trying to help. In the end it all seems like parading and virtue signaling rather than actually helping people.
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13 sats \ 1 reply \ @siggy47 OP 12 Jun
I'm pretty sure she doesn't care about anyone. The banks are her masters
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54 sats \ 0 replies \ @Bell_curve 12 Jun freebie
There has been a housing crisis for the last 10 years.
If Elizabeth wants lower interest rates then cut spending and taxes to get inflation under 2 percent.
But she has no clue and doesn’t care. She is grandstanding as usual.
Let’s cut interest rates without getting inflation under 2 percent. Then housing will become less affordable because of inflation. Plus homeowners insurance crisis which means no bank will lend money without insurance.
Real Cherokee are not financially literate. Same goes for fake Cherokee. Elizabeth should stick to casino and alcohol if she wants to emulate Cherokee behavior
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67 sats \ 0 replies \ @0xbitcoiner 11 Jun
https://m.stacker.news/34992
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67 sats \ 0 replies \ @Cje95 11 Jun
Ahhhh nothing like the Fed wading into the political waters instead of remaining independent and following the math
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67 sats \ 0 replies \ @Undisciplined 11 Jun
That's right. The civilized way to fight inflation is to crank taxes to 11.
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54 sats \ 0 replies \ @Bell_curve 11 Jun
Regarding Stephanie Kelton, modern monetary theory relies on the premise that printing money is not inflationary and taxation has no effect on commercial activity. Intellectual dishonesty and laziness
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54 sats \ 0 replies \ @Bell_curve 11 Jun
They need to stop writing letters to the Fed and Supreme Court.
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