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by gryBrd1987
1320 days ago
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Mostly I was agreeing with the analogy of a run on a bank. Fed pulled out of funding the economy as it was. Less money for them to spend on coffees, Ubers, etc.; less to “trickle down” given the uncertainty of grandpa Powell’s intention to bring pain to households (except his own of course; he’s got enough to be insulated from his actions). If you want to go on a specific tangent involving dead men’s philosophy, be my guest. I was merely attempting to illustrate how apt the bank run analogy is. |
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