Yep
FTA “Indeed, some argue prospects for a best-case outcome to their policy-tightening campaign are heightened by the advice from such a wide spectrum of voices.”
Supposedly the top of their profession and cannot even see how one does not follow the other, Zero logic employed. Being a different race or gender has no bearing on improved reasoning.
I dont care who is on the fed board, and their historical batting average is no better than a random walk. When you have only a hammer, everything is treated like a nail.
Got a home price problem, got to limit lending in the overheated regions while not killing off the other regions. Banks are not allowed to do that because at some point it will be some type of redlining, so the biggest tool comes in, all rates when you had a home price problem.
Got auto loans giving 90 months to everyone and average prices hitting 50k, limit auto loans to 60 months for 3 years and see what happens. But that makes cars unavaiable to the SJW for a short time until the smaller cars with less features start poping off the assembly line. So one is stuck in their beilfs and cannot forsee simple change lending policy in an industry, but still there is the biggest tool, so the central banks do that.
Grounding the entire school district because sally and jane got in trouble on the field trip. Central bankers are simple bitches. That they fell for SJW economic theory is not a surprise.
“Reasoning” is in large part applied to the knowledge of facts, such as the massive increases in price of many things.