Re:For the First Time, the Fed Is Losing Money
by intrasight on Tuesday March 28, 2023 @02:36PM
(#35345787)
I did say "primary mandate". I don't think that is controversial.
>then we can raise taxes
I totally agree that raising taxes is the right thing to do (as do my smart friends and most economists ;) ). But that's not the lever the Fed has. And of course it's politically untenable.
> Make everyone who was speculating on housing sell their investment homes.
Agree there too. But that's not the lever the Fed has.
>then we can raise taxes
I totally agree that raising taxes is the right thing to do (as do my smart friends and most economists ;) ). But that's not the lever the Fed has. And of course it's politically untenable.
> Make everyone who was speculating on housing sell their investment homes. Agree there too. But that's not the lever the Fed has.