why do libs act like I gotta memorize their whole fucking wiki just to have a seat at the table
does quantitative tightening help fight inflation? maybe! will reserve requirements and savings bonds help? I don't know! does pissing on a fire help put it out? maybe?!
do you know? no you don't! you're just repeating shit you heard from more credentialed libs! who are usually doing the exact same! and if you follow this chain of deference all the way to the top you'll probably land on some sort of bank executive! so cringe! no thanks!!
sometimes making things simpler also makes them more correct. minecraft your tyrants. that is all thank you for listening
Precisely. The wild part is that if you listen to Jerome Powell talk, he basically DOES admit this, going on about the actual GOAL of getting unemployment up to a level acceptable for capital. It is widely reported in the financial press but tends to be mysteriously unreported and unquestioned in the more liberal mainstream press outlets.