The government loves asset bubbles. They create retarded amounts of spending (i.e. tax receipts) and capital gains, all based on hopium. It's deflation events like recessions the government doesn't want; no one's spending and the collateral is underwater, if not worthless.
Inflation is sadly correlated with employment. Higher employment usually means higher inflation. Just a "feature" of living with a fiat currency.
If those asset bubbles were allowed to collapse by natural selection then we would be much better off as a country, but that would mean some rich Jews lose their shirts and that must not happen.
The Fed being "independent" of the government is a double edged sword. There are problems with the current setup, however the government being able to print it's own money at will is likely to be far far worse.
The Fed’s legal mandate is “price stability” - so why are they aiming for 2% annual theft of savings (inflation).
Someone needs to sue them for keeping rates too low and creating the asset bubbles 😂
The government loves asset bubbles. They create retarded amounts of spending (i.e. tax receipts) and capital gains, all based on hopium. It's deflation events like recessions the government doesn't want; no one's spending and the collateral is underwater, if not worthless.
Inflation is sadly correlated with employment. Higher employment usually means higher inflation. Just a "feature" of living with a fiat currency.
If those asset bubbles were allowed to collapse by natural selection then we would be much better off as a country, but that would mean some rich Jews lose their shirts and that must not happen.
The Fed being "independent" of the government is a double edged sword. There are problems with the current setup, however the government being able to print it's own money at will is likely to be far far worse.