• CableMonster@lemmy.ml
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    9 months ago

    Sigh, the federal reserves is literally the reason “capitalism” is going to fail. If you want I can explain what the federal reserve does and how it harm you, but you guys never seem to want to know that information.

    • 31337@sh.itjust.works
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      9 months ago

      I understand the Fed pretty well. I’m going to assume you listen to the Austrian economic school, or are just a crypto bro, whereas I tend to like the New Keyenesian school; as long as we’re keeping a capitalist system. Austrian school lacks mathematical rigor and libertarians just like it just because it’s prescriptions align with their ideaology, IMO.

      • CableMonster@lemmy.ml
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        9 months ago

        Of all the groups the libertarians are the only ones that actually understand economics. Both of the major parties live in imaginary money land where the fed solves problems and save the world. The issue with the fed is direct and obvious.