Message from @Zuluzeit
Discord ID: 773008715372167169
It doesn’t matter because even fans of the Fed have to be cautious now that Kashkari has said moral hazard isn’t an issue
I think this is going to be an interesting year 😂
Ok so they do have financial incentive for bias. That was the part of your argument that had me concerned.
Or explanation
No they have biases because they are people. They have no financial incentive other than a healthy economy.
That is inconceivable to me. Maybe I'm just slow.
But respectfully (to them) they are not the most competent people at understanding Macroeconomics. People who are at the top of macroeconomics are making huge amounts of money in finance.
Because all of their wealth is held in blind trusts. So if they favored one industry or sector over another they might inadvertently screw themselves.
But blindly enrich someone else. Got it.
Yeah, they could make someone rich. But they really don’t have that sort of attitude imo. The way Roberts sees himself protecting the institution of SCOTUS (I am not a lawyer I just gather this from all the lawyers I see talk) The Fed chairman and board want to protect the institution of the Fed. Plus it would be hard to get away with. If they favored someone competitors would probably be interested in uncovering corruption.
Unless it always eventually swings the direction of everyone with a stake and they accept it for overall gain.
Everyone with a stake is you and I and your grandma
I'm not sure it scales well but ok.
Everyone who doesn’t have a guaranteed state funded retirement will be getting their retirement from the market. Whether it’s equity or bonds etc. and social security is not a reliable retirement plan. money held by institutions is your money man.
Also state funded retirement is a scam on the tax payer. Please don’t screenshot.
Lol
One for you, ten for me and they are all worth half now...and on and on.
I already screenshotted and forwarded to the appropriate authorities. Don't answer your door.
😂 I just think it would be unpopular for me to say. I am not breaking any ethical codes of conduct.
Sedition. Heresy.
Also there is massive deflation we don’t recognize. Mostly technological deflation. So I am just saying the issue could be more complex than the Fed is bad lol
Sedition probably looks good on my resume
Lol
My resume will be useless in a few years, hopefully, when I can move to Spain. Good talk.
They can't automate my job unless there is some amazing ai involved. I'm pretty close to not needing it, though.
I have something that uber-wealthy people can never have: Enough.
@Zuluzeit That is called settling and becoming complacent. Being mediocre.
I suppose what you call it depends on what you want. Settling? Absolutely, for what I want. Mediocre? From your assertions, I reckon our measures for that are very, very different.
...and complacency is the whole idea. 100%
> I suppose what you call it depends on what you want. Settling? Absolutely, for what I want. Mediocre? From your assertions, I reckon our measures for that are very, very different.
@Zuluzeit But you should never settle, you should always aspire to get more. If people thought that way we would not have the internet, smartphones, AI, etc...All these people who invented everything and started companies would have just stayed at
a normal 9-5 and done nothing more.
Why start a company when you have a house and a stable job?
Why take risks?
https://en.wikipedia.org/wiki/Category:Inventions_by_country
Do you see the huge disparity between the US and other countries?
@leftingfighter33 Why indeed? Those are important questions but not the only ones. If you start with a model in which the things you described are inherently good and the optimal prescription is the same for everyone, the answers are easy. I submit that it is neither the only model, nor the best one.
@Gypsy_Warlord correct. I call it escaping early. Lol
Yeah I don’t think living your life is settling, that’s you enjoying what’s important to you
Hello all!