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A comment on New Economic Challenges and the Fed's Monetary Policy Review. Parent comment

Re:New Economic Challenges and the Fed's Monetary Policy Review by logicchains on Friday August 28, 2020 @01:08AM (#24301538)
> Fiat currencies are not ideal but are the best known currency tool to date.

By what metric?

>Finally, the ability go debase (I assume you mean devaluating) a currency is (arguably) a desirable characteristic. During crises, responsibly devaluating a currency can help a country's economy.

I'm skeptical that any benefit this brings outweighs the catastrophic damage it causes when misused. E.g. Weimar Germany, Zimbabwe.

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Re:New Economic Challenges and the Fed's Monetary Policy Review by tupputuppu on Friday August 28, 2020 @04:01AM (#24302443)
As described in the article, we are living in a period known as the Great Moderation, a previously unforeseen time of financial stability, low unemployment, and lack of Major depressions. Bringing up autocratic developing countries isn't a great counterexample to the level of welfare we've been privy to in the developed world.
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