Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Regulator

He’s commonly known as “the dumbest man on the internet.”


50 posted on 12/20/2018 9:33:44 AM PST by babble-on
[ Post Reply | Private Reply | To 44 | View Replies ]


To: babble-on

So instead of ad hominems, dispute his thesis.

It’s a simple one:

“Since October The Fed has single-handedly dismantled the US economy. The Trump tax cuts at year end 2017 set the economy on fire. The US stock markets set numerous records. So the Fed had to step in and kill the economy or, God forbid, he would get re-elected in 2020!”

He’s imputing a political motive to the Fed’s actions, not an economic one. If it’s a well tested and agreed upon economic motive - you know, too much “irrational exuberance” - then point that out and defend it.

You and Jerry Powell need to enlighten us all about the macro-economic wonderfulness of simplistic rate change mechanisms. Right now, I’d say the carnage in the markets show that at minimum, there are major players on the planet who simply don’t agree and are voting with their cash.

Is a market in free fall the intended effect of Jerry The Genius’ actions, and if not, then how come he didn’t understand that?


65 posted on 12/20/2018 9:50:19 AM PST by Regulator
[ Post Reply | Private Reply | To 50 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson