Re:America’s banks are missing hundreds of billions of dollars
by bequanna on Wednesday March 22, 2023 @10:57AM
(#35262035)
> This is a wrong characterization and makes it look like it's the Fed fault all along.
Rates were far too low for far too long. Why was the Fed still aggressively expanding their balance sheet into 2022 when inflation was obviously happening?
This is a problem created by monetary theory academics with access to too powerful of tools. If you have it, you're going to use it.
Imagine if we gave generals the same kind of unrestricted access to weapons and allowed them to wage war at will with no oversight. That is the Fed.
Rates were far too low for far too long. Why was the Fed still aggressively expanding their balance sheet into 2022 when inflation was obviously happening?
This is a problem created by monetary theory academics with access to too powerful of tools. If you have it, you're going to use it.
Imagine if we gave generals the same kind of unrestricted access to weapons and allowed them to wage war at will with no oversight. That is the Fed.