Re:The Fed Will Buy Bond ETFs Now
by function_seven on Tuesday May 12, 2020 @04:00PM
(#23158971)
> Edit: And I think you meant "veneer of monetary policy"? The argument would be that it's being framed as monetary policy even though it's substantively a fiscal policy, something the Fed is supposed to stay away from.
That's exactly what I meant. Fixed my comment, thanks.
And that goes against the HN guidelines for down voting comments.
You're just suppressing someone else's opinion because you don't agree with it, not because it is wrong or inappropriate smh
No, downvote for disagree is within the guidelines [1].
Even so, I try to instead use the standard of "does not contribute to the discussion", which I think this qualifies as (under my earlier understanding of the comment) because it's off-topic hobby-horsing, made worse by proposing a bizarre mechanism without acknowledging the illegality.
As it stands now, that comment looks more like yet-another-pro-UBI post with a bizarre fantasy about the Fed breaking the law to make it happen, and I downvoted it on that basis.
Edit: And I think you meant "veneer of monetary policy"? The argument would be that it's being framed as monetary policy even though it's substantively a fiscal policy, something the Fed is supposed to stay away from.