alt Hacker NewsI appreciate your posts generally, you have a lot of good insights.
Do you think replacing that 4T was a good call? I'm struggling to see how it was the right play.
I appreciate your posts generally, you have a lot of good insights.
Do you think replacing that 4T was a good call? I'm struggling to see how it was the right play.
I think it was a good call, yes. A deflationary collapse is incredibly damaging to the economy. The Great Depression was such a collapse, but there are others. The Panic of 1857, 1873, 1907... there's a long history of these.
The Fed avoided that. And they also avoided causing inflation. It was an amazing job of threading the needle. (One could argue that they caused a decade of stagnation, but in my view that was minor compared to the other options.)