No doubt. My issue is that I think there still might need to be a vote to cover the amount of money they actually need to print.
If the Fed actually does print, let's say, 15 trillion dollars, with no request to do so, they are going to get fucking dog-piled by a lot of people in congress who will probably make them lose their jobs.
They'll need a vote to rationalize it at some point.
True. However- The fed doesn’t actually exist to control inflation or create employment (its 2 official mandates.)
The fed’s main purpose is to print infinite amounts of cash to bail out banks.
If the banks are mildly distressed then we will see savings stolen via inflation to prop up the banks.
No doubt. My issue is that I think there still might need to be a vote to cover the amount of money they actually need to print.
If the Fed actually does print, let's say, 15 trillion dollars, with no request to do so, they are going to get fucking dog-piled by a lot of people in congress who will probably make them lose their jobs.
They'll need a vote to rationalize it at some point.