I’d say the same if you believe quantitative easing and low interest rates to increase asset prices were helping the productive economy in any real way and wouldn’t eventually lead to stagflation. Winter has always been coming.
Who knows what they believe. They’re just throwing out arrogant, condescending insults for no reason.
You’re 100% correct; and I’m always mildly surprised at how many lemmings downvote anyone who dares criticize the Fed’s playbook: a decade-plus of near-zero interest rates, endless quantitative easing, and asset purchases that inflated the markets while wages stagnated. These policies weren’t accidents, they were deliberate tools to keep wealth flowing upward while the rest of us were told to be patient, grateful, and “fiscally responsible.”
I’d say the same if you believe quantitative easing and low interest rates to increase asset prices were helping the productive economy in any real way and wouldn’t eventually lead to stagflation. Winter has always been coming.
Who knows what they believe. They’re just throwing out arrogant, condescending insults for no reason.
You’re 100% correct; and I’m always mildly surprised at how many lemmings downvote anyone who dares criticize the Fed’s playbook: a decade-plus of near-zero interest rates, endless quantitative easing, and asset purchases that inflated the markets while wages stagnated. These policies weren’t accidents, they were deliberate tools to keep wealth flowing upward while the rest of us were told to be patient, grateful, and “fiscally responsible.”
During the pandemic, the Fed granted itself the right to buy ETFs if I recall correctly.