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re: Fed hides weekly M1 supply, says "money doesn't matter"
Posted on 4/8/21 at 6:55 am to Strannix
Posted on 4/8/21 at 6:55 am to Strannix
from a purely non-academic view, it seems that the argument is "we have to create massive inflation to prevent deflation" and that's somewhat scary because (1) it seems to be manipulating and ignoring the natural state of the economy and (2) if that underlying deflationary state ever does resolve, then we are looking at hyperinflation
this seems how you get to crazy economic situations like today with our insanely (paper) wealthy top-level with real wage stagnation....and a society that has an ever-decreasing portion of the population that can afford to buy housing, yet housing prices have skyrocketed.
it's pretty clear that this monetary policy just gives certain populations this money and it's going into relatively specific things (like premier stocks and housing) and if you're not on the gravy train, you're fricked, b/c it certainly isn't going into developing an economy that is better or produces more, raising wages.
this seems how you get to crazy economic situations like today with our insanely (paper) wealthy top-level with real wage stagnation....and a society that has an ever-decreasing portion of the population that can afford to buy housing, yet housing prices have skyrocketed.
it's pretty clear that this monetary policy just gives certain populations this money and it's going into relatively specific things (like premier stocks and housing) and if you're not on the gravy train, you're fricked, b/c it certainly isn't going into developing an economy that is better or produces more, raising wages.
4
Posted on 4/8/21 at 7:45 am to SlowFlowPro
quote:
from a purely non-academic vie
That is the academic view
Posted on 4/10/21 at 12:41 pm to SlowFlowPro
quote:
this seems how you get to crazy economic situations like today with our insanely (paper) wealthy top-level with real wage stagnation....and a society that has an ever-decreasing portion of the population that can afford to buy housing, yet housing prices have skyrocketed
The US Federal government could not have created a more unequal, untenable economic policy if they had been trying.
It is the official policy of the US government, working in concert with the Federal Reserve Bank system that:
1. Megacorporations and investment vehicles (and politically connected investors) get free money, as much as they want
2. Those same groups, with no penalty, are rewarded with the ability to use their free money to invest in other companies and in real estate at near 0% interest.
The 1% of 1% is playing "Heads I win, Tails you lose" by government fiat. But homeowners are seeing their equity go up, and renters aren't having to pay their mortgages, and everyone has some scratch in their back pocket from stimmies.
All of this started in 2007-2008 and nothing has changed.
Posted on 7/15/21 at 3:25 pm to SlowFlowPro
quote:
if you're not on the gravy train, you're fricked, b/c it certainly isn't going into developing an economy that is better or produces more, raising wages.
My wifes entire company just bumped their minimum wage from 15 to 20 for all US employees.
Posted on 2/14/22 at 8:27 pm to SlowFlowPro
quote:
certain population
Who dat?
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