The Federal Reserve's theory (and practice) of demand destruction is nothing short of barbaric.
Treating a fiscal and supply-sided problem with a demand-sided hammer is a terrible solution... And it will likely cause substantially more harm than good over the short- and long-term.
Lord, help us all.
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They really need to pull their prefrontal cortex out of their collective assholes.
The price signals are so distorted they can't even tell what side the problem is on!
Lord sent us Satoshi and bitcoin
Recessions kill people. If they were honest, they would convert their dot plot into the estimated number of deaths.
