Re:America's 1% Has Taken $50T From the Bottom 90%
by anchpop on Thursday February 11, 2021 @05:48PM
(#26108478)
This is risky, because if the fed accidentally injects too much money by buying back too many bonds, they can always un-inject it by selling the bonds back (and banks are compelled to buy). This lets the fed be more aggressive because it knows that if it goes too far and starts seeing more inflation than it intended, it can always walk back its decision. But there's no realistic way to do that after having given $1000 to every adult.
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Re:America's 1% Has Taken $50T From the Bottom 90%
by tylerhou on Thursday February 11, 2021 @06:02PM
(#26108650)
Taxes?
Re:America's 1% Has Taken $50T From the Bottom 90%
by notriddle on Thursday February 11, 2021 @07:32PM
(#26109466)
The Fed can't make taxes. Congress makes taxes, but Congress is subject to popular approval, and the population don't like tax hikes.
Re:America's 1% Has Taken $50T From the Bottom 90%
by tylerhou on Thursday February 11, 2021 @09:18PM
(#26110091)
The Fed also can't give $1000 to everyone.
Re:America's 1% Has Taken $50T From the Bottom 90%
by jackcosgrove on Thursday February 11, 2021 @07:48PM
(#26109560)
Changes in tax rates require Congress to act. Too slow moving to be a money supply control.