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by hardwaresofton
1871 days ago
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> I agree, but in my view, the Federal Reserve is about the only institution doing their job to stabilize the economy. The problem is they're only meant to provide short term fixes, much like an ER doctor. Meanwhile, Congress primarily prioritizes bribing their voting base: Republicans through unnecessary tax cuts and Democrats through unnecessary handouts and pork spending. I agree with extending unemployment benefits during a pandemic, but it's ridiculous for single people making $75k to get a handout that comes straight from government debt. I can definitely agree with this, the means test was a bit wonky. > Your source says this, but its source is about their total capacity. If you look at their balance sheet, excluding the Main Street Lending program, they are only holding ~34.5 billion in corporate debt. Ahh you're definitely right -- thanks for pointing this out again, I stand corrected. |
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