i refuse to respond to everyones pet economic and institutional theories though please rest assured i Disrespect them but if your Mad about how the Fed is operating with a dual mandate that in some sense is impossible to meet youll Love how they function when its triple
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"optimize one variable that is hard to measure" somewhat challenging but ok "optimize on two variables in tension with one another with no clear tradeoff function" im sweating now "three and one of them constitutionally may not be targeted directly probably" just kms
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the only coherent motivation im coming up with on the fly is that this is an attempt to somehow break fed independence by forcing a new mandate that theyll inevitably fail on by some measure or another giving cover to a broader takeover
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They can't even hit the inflation target
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Looks like they want to go full Soviet
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I'm sure the Fed has the right tools for that job.
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I'm interested in his take too. am having trouble believing they would just wire money into blacks accounts. can see how they might make their corporate bond buying conditional tho
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b̶u̶r̶g̶e̶r̶s̶ dollars?
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Fuck it's 4 pages first time I've read a bill in years, this is so ridiculously broad and vague fuck.
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