re: Fed hides weekly M1 supply, says "money doesn't matter"

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Sounds to me like bad fiscal policy got us stuck between a rock and a hard place

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It's actually bad monetary and fiscal policy in unison. You can't target stable prices and low unemployment by mandate and NOT concentrate wealth like we have. You need the volatility and creative destruction that comes with it to prevent the situation we're in. Something like 20% of the S&P are zombies but survive insolvency by rolling debt at rates their credit shouldn't allow them to. Luckily the entire global banking system relies on our Treasuries. We're just weak minded people in general. In 01 nobody noticed, in 08 people would have cried with a corporate bailout and cried more without one. In 19 there would have been riots if the public knew and in 20 nobody cares because stimi payments. All creating the zombie economy we probably won't ever escape. Adding the human element of politics makes everything so much worse.