[aaaaaaaaata]

The gears kept turning, doesn't mean irreparable damage wasn't done.

Central planners in the USSR were probably lauded by some subset of the citizenship, too. Doesn't mean it wasn't a sham.

[throwoutway]

I wouldn’t call it a sham. I think I’d rather some centralized orchestration of modern finance than none.

Im not claiming that centralized Fed is perfectly wise, nor we should be subservient too it. But I also don’t want to live in a non-government state with no financial system.. an example that comes to mind is Somalia.

[scotuswroteus]

>I wouldn’t call it a sham. I think I’d rather some centralized orchestration of modern finance than none. >Im not claiming that centralized Fed is perfectly wise, nor we should be subservient too it. But I also don’t want to live in a non-government state with no financial system.. an example that comes to mind is Somalia.

When that choice is before the American people, we'll be sure to turn to your perspective, but it's entirely irrelevant to the topic at hand, which is that the fed caused a problem they have yet to fix and they're not even now taking the steps necessary to fix it. We have a word now that exemplifies the ridiculous policymaking perspective that led the last year of bad decisionmaking: transitory inflation. That concept was laughable.