Say Hello to Full Employment

Re:Say Hello to Full Employment by neffy on Friday July 06, 2018 @04:13PM (#17474741)

That's not actually the case. If you look at the money supply for the US it has a pretty constant growth rate over the last 8 decades - while the Federal Reserve claims to be messing around with the interest rate to control the economy, the actual evidence that this is the case is quite lacking. (Illusion of Control problem)

So yes, it's not about the President, but the nature of control over the financial system is not through the interest rate channel either.

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Re:Say Hello to Full Employment by codexon on Friday July 06, 2018 @09:29PM (#17476333)

"If you look at the money supply for the US it has a pretty constant growth rate over the last 8 decades"

I'm not sure how you can come to that conclusion given it is common knowledge and fairly obvious that the Fed has been inflating the economy at absurd amounts to get us out of the 2008 crash.

https://fred.stlouisfed.org/series/BASE

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