[luckylion]

I understand the point, and obviously interest rates influence pretty much everything and anything. Stocks, tech salaries, housing prices, infrastructure projects, unemployment etc, they are all affected by central banks.

But that's not all, otherwise they'd perfectly align with interest rates, and stagflation would've been impossible, just as whatever it is that we have now.

If you look closely, it's the idea that "if X caused Y, it must have also caused !Y" that I compared to homeopathy, not the idea that monetary policy exists.