Re:U.S. Treasury Yield Curve Inverts for First Time Since 2007
by JamesBarney on Saturday March 23, 2019 @06:42PM
(#19472732)
Yeah the Fed is screwing up massively when it comes to crises. They're keeping inflation too low(so they spend too much time trapped at the zero lower bound), and they're not as willing to engage in unconventional policy when the risks are clearly asymetric(a great recession is way more damaging than accidentally creating a little too much inflation temporarily)
Or to give it more of a HN spin: if Rick's job was to run a website, but hackers broke in and stole all the plaintext passwords, it could be construed as partially Rick's fault for negligently storing the passwords in plaintext, even though the hackers were the ones directly responsible for the hack.