we’ve seen this throughout history

Inflation is no good for an economy

Keynesian lies once again

You know there is a reason that double digit inflation hasn't been a thing in a long, long time, right? Because economists realized Friedman was right. So, I agree to an extent. But I still think an economy should be somewhat managed

Even if Keynesianism is the dominant force, economists still recognize Friedman

yes Friedman was wrong on monetary policy

I already assumed you thought so

Double digit inflation is rare yes

Used to be a norm

And in those days imagine how high the taxes were

not imagine but look behind

at time

@Diadochi I don’t know why they don’t recognise the pro free market Friedman

I think the FED however should be abolished

Not only did they cause the ‘29 and ‘08 recessions

They caused almost every one between them

Their cheap credit policies which turn into contractionary policies

So, which recessions did they __not__ cause?

hmm not sure

Probably little ones between

Is it possible for an economy to grow *too* fast if it's completely free market?

Nope

@Muhammad Al-Tajir This TBH

Still I think the question isnt framed so much to deal with economy and economic policy and how it wil be run as far as the idea of the central bank as an idea in and of itself

For me having one that is private is a horrible liability, and it puts control of potentially the entire economy into the hands of someone who can abuse it, manipulate it, etc.

however putting it in the hands of the state does not mean that it wont be corrupt

>Deletes it

Daily Question 🔖
How degenerate is Generation Z?
@everyone

Which one is Gen Z again?

not at all

The current one

Far better than Millennials

mine

@Da_Fish 1995-200x

Oh, some are some aren't

There are less commies

^

I don't know why people act like they're perfect

And there's sort of a right wing revival

There are a couple furries at school IRL

There's still Fortnite Autists