Who knows what they believe. They’re just throwing out arrogant, condescending insults for no reason.
You’re 100% correct; and I’m always mildly surprised at how many lemmings downvote anyone who dares criticize the Fed’s playbook: a decade-plus of near-zero interest rates, endless quantitative easing, and asset purchases that inflated the markets while wages stagnated. These policies weren’t accidents, they were deliberate tools to keep wealth flowing upward while the rest of us were told to be patient, grateful, and “fiscally responsible.”
Who knows what they believe. They’re just throwing out arrogant, condescending insults for no reason.
You’re 100% correct; and I’m always mildly surprised at how many lemmings downvote anyone who dares criticize the Fed’s playbook: a decade-plus of near-zero interest rates, endless quantitative easing, and asset purchases that inflated the markets while wages stagnated. These policies weren’t accidents, they were deliberate tools to keep wealth flowing upward while the rest of us were told to be patient, grateful, and “fiscally responsible.”
During the pandemic, the Fed granted itself the right to buy ETFs if I recall correctly.