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If not for economics then for fiction.
Quote:
Originally Posted by sebastian_dangerfield
If you think the Fed's interest rate policies are anything more than a small fractional cause of our current unemployment, there is no point discussing anything with you any further.
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Now you're just obfuscating. How we got to where we are is one thing; what we do going forward is another. The Fed has a dual mandate and it is ignoring half of it -- the unemployment half. It is fighting yesterday's war.
Economists have been looking at the relationship between unemployment and inflation for decades. If you really think there is none, and can prove it, you'll get a Nobel Prize.
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“It was fortunate that so few men acted according to moral principle, because it was so easy to get principles wrong, and a determined person acting on mistaken principles could really do some damage." - Larissa MacFarquhar
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