Re:The Fed Will Buy Bond ETFs Now
by toomuchtodo on Tuesday May 12, 2020 @02:58PM
(#23158173)
Underrated comment. Need a tech accelerator that is the inverse of the Fed, optimizing for minimum employment instead of maximum employment (one of the Fed's two mandates).
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Re:The Fed Will Buy Bond ETFs Now
by mindslight on Tuesday May 12, 2020 @03:54PM
(#23158891)
Every accelerator, VC firm, corporation, division, manager, line worker, and homemaker is already optimizing for minimum employment. Human ingenuity at work - seeing patterns for where improvements can be made to ultimately achieve more. Even a guy laying on a couch watching football is trying to figure out how he can get another beer without having to get up.
Then the Federal Reserve comes along, declares all of our progress problematic, and manipulates the currency we transact in to make our progress invisible to each other.