Jay Powell should refuse to cut rates on principle. - ThreadSky | a Reddit-style client for Bluesky

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kchoudhu.anserinae.net • 21 days ago

Jay Powell should refuse to cut rates on principle.

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kchoudhu.anserinae.net•21 days ago

"Democracy is the theory that the common people know what they want, and deserve to get it good and hard."

kchoudhu.anserinae.net•21 days ago

Literally no part of the Fed mandate says that it has to compensate for a government and electorate committing active economic terrorism. Extend credit to keep the financial system from seizing up and let risk assets do risk asset things.

kchoudhu.anserinae.net•21 days ago

The market is the only entity capable of redisciplining the American electorate.

It’s time to find out.

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