429 sats \ 1 reply \ @davidw 21 Dec 2023 \ parent \ on: Does Anyone Know What the Fed Is Doing? econ
I would rather believe they sit around and play card games all day. Moving pieces around the monopoly board.
Unfortunately the signs point to the fact that they genuinely believe they are doing good for the world. When they are consistently doing precisely what is NOT needed at precisely the wrong time. Repeatedly.
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0 sats \ 0 replies \ @Undisciplined OP 21 Dec 2023
Broadly speaking, I think it's more accurate to imagine them as misguided true believers than nefarious villains twirling their mustaches.
They are demonstrably political, though, and clearly swayed by powerful interests. Even most of that could just be due to selection bias.
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