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30 sats \ 3 replies \ @Undisciplined 4 Sep \ parent \ on: U.S. Labor Market Growth Slows Dramatically in August with 54,000 Jobs Added econ
No, it’s not a job that anyone has to do. Money has existed for most of human history as an emergent decentralized phenomenon and that money worked better than our bureaucratically managed money.
FWIW, I agree that Congress would do a worse job.
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It’s exactly the opposite. The more complex the economy the more important it is to allow market forces to integrate the dispersed knowledge from around the world.
No one is smart enough to do that job, even if they had the best intentions (which they never will).
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Good answer
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