NSFW not sure if I pulled up to a planned event or an improv 3way

Ideally, the Fed would be truly data-driven and apolitical, and wouldn't manipulate the natural price discovery of money at all. No fucking with Fed funds rates for inherently-politicized growth targets like its bullshit dual mandate of "maximizing unemployment and minimizing inflation volatility."

The problem isn't the risk-seeking of the financial industry, because that's both a natural aspect of the marketplace and one that fuels our economic global dominance. The problem is the Fed's actions which forces more risk-seeking by fund managers beholden to growth targets, e.g. we currently have public pension funds all over the world that have been gobbling up junk corporate debt for years and even equities in some cases!

Warren is a fucking moron tilting at windmills like Don Quixote, she's just spewing ignorant eat-the-rich populist bullshit which would only handicap our prospects for real durable growth. That kind of growth can't be forced by monetary policy, and malinvestment can't be reigned in by clumsy regulations either. It happens via an accommodative business climate where credit is available based on accurately gauging the debtor's risk of insolvency, not one where lenders are gleefully throwing money at borrower's who they know fully well won't pay it back while taking out insurance on those bad loans and repackaging them as derivatives to sell to other shmucks. Central bank interventions bring about the second scenario, not the first.

Messing with income/corporate tax rates is an independent variable to all of the above. They can also bring about more spending/lending in various areas, but they mainly reallocate growth from one sector to another rather than causing cycle-defining bubbles of malinvestment like monetary policy does.

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