alt Hacker Newsdid you forget about all the money the fed printed during covid?
fed independence is important, but literally irrelevant in the face of rampant money printing
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We were in a lockdown, and Congress voted for multiple trillion dollar stimulus' financed by debt. Refusing to "print money" in those circumstances is just asking for a worse Great Depression.
Why did the fed raise interest rates? To soak up some of that cash. It was too slow, but this is exactly the sound money policy that everyone expects. You loosen cash (what you mistakenly call printing money), when you need investment, and tighten cash when inflation and risk taking is out of control.
was money printing because of a lack of independence, and manipulation by the executive? or the fed trying to keep things afloat.
this president is trying to money print during non-crisis, to ramp up economy to "20% GDP".
why downvote? Trump literally said he wants a GDP that goes to 20% or 100%. Shoot to the moon.
Who signed the front of those checks?