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Economy

walkingman

(8,614 posts)

5. Bernanke is a good example of how the Federal Reserve has previously (2008) interpreted

Reply to gab13by13 (Reply #3)

Sun Jul 7, 2024, 04:42 PM

Jul 2024

their actions to be a part of the "invisible hand" based on market-based incentives (hedge funds and private interests) when in reality they have removed any risk from bad actors.

So lowering interest rates should theoretically not be political - your right it will be interesting to see what Chairman Powell does.

Has everything turned political? .....the invisible hand does not really exist.

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There is no "Invisible Hand" [View all] walkingman Jul 2024 OP

Indeed, the hands pulling the strings are quite visible. NT. Voltaire2 Jul 2024 #1

The invisible hand has been busy picking our pockets. sop Jul 2024 #2

We shall see how invisible it is, gab13by13 Jul 2024 #3

Bernanke is a good example of how the Federal Reserve has previously (2008) interpreted walkingman Jul 2024 #5

Even in theory, the benefits of capitalism only happen when everyone plays by the rules. unblock Jul 2024 #4

Thank you for stating so clearly, thoughts I've had for a long time. CrispyQ Jul 2024 #6