alt Hacker Newscovid money printing was some of the worst fed decision making in US history. they essentially ruined the housing market, priced out a generation of younger buyers, which is now crushing fertility rates, savings, and more
Replies
FrustratedMonky • yesterday at 5:33 PM
everyone complains, nobody has alternatives.
what would have been the correct actions in that situation?
really the government should tax in good times.
and
spend in bad times.
and be a counter weight to private sector
➕ show 3 replies
actually, llmslave, it was a very good decision. It's better to have mild inflation than widespread unemployment. But also, the fed's actions contributed comparatively little to the inflation we experienced. Globally there was a huge drop in supply, which caused prices to jump everywhere, not just in the US.