4.17.2018

The Fed's Quadruple Mandate

The Fed's Quadruple Mandate:

1) price stability
2) full employment
3) facilitating large deficits by suppressing interest rates and/or monetizing debt
4) supporting asset prices

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Inflation is always and everywhere a progressive phenomenon

Excerpt from a text conversation with a young "democratic socialist": DS: Every time the US has become progressive, the right wi...