alt Hacker NewsHow does Jerome Powell decide the price of a dollar? How does an algorithm fix that? What is being fixed?
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m00dy • yesterday at 3:15 PM
Dude, you might not belong to our civilization. Sorry.
How does Jerome Powell decide the price of a dollar? How does an algorithm fix that? What is being fixed?
Dude, you might not belong to our civilization. Sorry.
Maybe in their head it's still back before 1976 where we have the Bretton Woods system, there's no foreign exchange market and policymakers set the price of dollars against gold?