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Of course it's expected that the fed won't bring up interest rates. It can't. That would mean that paying debts would become more expensive. Both for the US government and the private sector. The government can print more money, driving inflation, but the private sector would collapse.

So all the fed can do is keep interest low and watch the inflation grow. Praying for a miracle.

cnbc.com/amp/2021/04/28/fed-ho

· · SubwayTooter · 2 · 1 · 0

@kpeace Once you ride the tiger, the problem is how to get off without getting eaten.

@billblake2018 The problem is that these idiots are enjoying the ride and don't even want to get off

@kpeace The article includes a textbook example of the broken-window fallacy: "The post-meeting committee statement noted that efforts to combat the Covid-19 pandemic have helped boost the economy, though more needs to be done."

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