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by parkingrift
1456 days ago
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Buy now, pay later would never have left the drawing board if interest rates weren’t artificially low for so long. Who wouldn’t want to to take a 0% interest loan in a bull market? All the investors burned by BNPL nonsense have the Federal Reserve to thank. Making winners and losers every day. But it’s a free market still, because it sounds cool to say it muh man! |
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Powell was recently quoted as saying "We understand better how little we understand about inflation.”
The authority and respect the last generation commands needs a real challenge. Substantive change and not just chanting “disrupt” while playing the same game.
Their figurative identities should not be sacrosanct.