You post is thought provoking, thanks!
To communicate I need to understand the values that it’s based on; namely, are you in favor of Congress having the power to coin money and regulate it’s value. Don’t laugh —some on these threads want no gov’t whatsoever with a pure barter system. Thing is that if that really is your view then I’d be wasting my time explaining Fed strategy. If in case you like that part of the constitution, and you don’t like the way Congress coins’n’regulates money, then I still wouldn’t explain the fed but I’d be more clear if I explained Congress.
Please share your take on how we got money coins’n’regulated.
Sorry, I did laugh. I’m not a proponent of a managed economy, but I do like the Constitution as constituted. Pun intended.
I’m happy to hear what you see in the Fed strategy, but I think I get it. My point is that the Fed is run by humans, humans are fallible, the Fed is fallible. Perhaps more fallible than the market.
The fiscal issues are bad enough and would create problems left and right. Most of the current fiscal issues are wholly the creation of government and I mean that in the broadest sense - taxes, regulations, entitlements, and etc.
My point is that Fed ‘intervention’ rewards bad fiscal policy and bad political behavior.