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To anyone who knows what they are NOT looking at here, it's not the money supply. It's the rate of change of the money supply. Not good, but quite different from what some may assume. It's all those free [but borrowed] dollars that the Fed pumped in to the economy driving retail sales higher than if there had been no pandemic. That's one reason the container ships are still backed up at the ports. This may be temporary though. Depends on what the Feds due in the way of future intervention.

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Discussion Starter · #23 ·
Who’re these people running the Federal Reserve Bank? Many, if not most are part of the corrupt Wall Street elite. They are always looking out for the interests of their friends and the top 1%, before anything else.
Easy cheap money is great for rich bankers, fat cat corporate executives, and others, who borrowed at almost zero rates and turned around to charge poor consumers 19-29% interest rates.
 

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Who’re these people running the Federal Reserve Bank? Many, if not most are part of the corrupt Wall Street elite. They are always looking out for the interests of their friends and the top 1%, before anything else.
Who are the people running the Dept of Defense? Generals and admirals.
Who are the people running the Dept of Agriculture? Farmers and botanists.
Who are the people running the Dept of Education? Professors and teachers.
Who are the people running the Fed? Bankers and economists.

Why? Because they have experience and are leaders in their fields.

I wouldn't want a teacher leading the Dept of Defense.
I wouldn't want a farmer leading the Dept of Education.
Etc.

Easy cheap money is great for rich bankers, fat cat corporate executives, and others, who borrowed at almost zero rates and turned around to charge poor consumers 19-29% interest rates.
If someone could make a profit lending to risky borrowers at 10-15%, they could put the current payday loan companies out of business and be the dominant lender. But they can't. Should we outlaw high interest loans? Then risky borrowers won't be able to get a legal loan and might resort to other means of obtaining quick cash. Should we demand an economics education for borrowers? Maybe, but that takes time and money, both of which are probably in short supply for the poor and desperate.
 

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Discussion Starter · #25 · (Edited)

We're not talking about who's best qualified to run different departments, but making sure that those leaders are unbiased and do not serve their personal interests while pretending to be neutral. There are very good reasons why you want to have a non-military person serve as the Secretary of Defense!
 

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Discussion Starter · #27 ·
Just like the shrinking product size, so that your half gallon ice cream is now 1/3 gallon instead and 64 oz orange juice is now 56 oz., but the price hasn’t changed!

tricks to fool some unsuspecting consumers that the prices are reasonable and haven’t changed much.

not unlike UberX cutting drivers pay, but making them work more hours for same overall total amount.

will keep you and your comrades fully engaged and busy doing twice the work, but making sure everyone gets more business for the same amount as before!

what a crock pot of chili 🌶
 
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