"which was what the original poster was talking about."
Nope. You massively read in what you wanted to read. My main point is that the idea that policymakers are 0% responsible is ludicrous.
The interest rates controlled by the Fed can not simultaneously be super important economic controls absolutely necessary for the steering of the economy, something so important only the best trained and most experienced people can be given this absolutely vital power, and at the same time, utterly irrelevant numbers that mean nothing and it doesn't matter what they are so you can't hold them responsible for anything.
You are doing exactly what they want you to do, which is get distracted by lots of other details until you no longer notice that you simultaneously hold both those beliefs even though there is no conceivable way they can both be true.
Of course our leaders are responsible for leading us. That goes without saying.
But you've got to at least put forth a little bit of effort into understanding our leaders arguments.
The Fed has two forces at play that meet at committee meetings. The Hawks argue for tighter policy, while the doves argue for looser policy. Many arguments are made at these meetings, and their meeting notes are public.
There are also crappy websites that push conspiracy theories that have nothing to do with real data. Your arguments are closer to these conspiracy theories than the real data that has been brought forth at these public Fed Meetings.
If you don't like the Fed process or discussion or data, sure I guess. That's fine. But you are pushing effectively disproven conspiracy theories and that's where you are misstepping IMO
I dunno if this 'Greedflation' idea is true btw. But at least it's not the same incorrect conspiracy theory I've heard for the past decade. I'm willing to give 'greedflation' some degree of thought before discarding it.
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'Greedflation' is obviously discredited by Powell (current Fed Chairman), according to the article. So maybe its a fully bunk theory too. But its extremely odd to come to this topic to push alternative theories of monetary policy without at least trying to talk or criticize the topic at hand?
Nope. You massively read in what you wanted to read. My main point is that the idea that policymakers are 0% responsible is ludicrous.
The interest rates controlled by the Fed can not simultaneously be super important economic controls absolutely necessary for the steering of the economy, something so important only the best trained and most experienced people can be given this absolutely vital power, and at the same time, utterly irrelevant numbers that mean nothing and it doesn't matter what they are so you can't hold them responsible for anything.
You are doing exactly what they want you to do, which is get distracted by lots of other details until you no longer notice that you simultaneously hold both those beliefs even though there is no conceivable way they can both be true.