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codefreeordie

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codefreeordie
·vor 4 Jahren·discuss
Indeed, the Fed Open Market Committee, which is the arbiter of interest rates in the United States is a 12-member body, so it would take at least seven people to do something this destructive here. (Of course, the FOMC members change over time partly via Presidential appointment, so to persist in such a bad idea for many years would take potentially hundreds of people to at least not interfere)
codefreeordie
·vor 4 Jahren·discuss
May or may not be much fodder for the research papers. We've done this so many times before that there's really just nothing left to study/learn beyond coloring in the picture of misery with higher resolution.

We've known for at least a century (really, about two) exactly how this works. It's just that people are stupid and they keep asking for it again and again.