50 sats \ 2 replies \ @Undisciplined OP 3 Jun \ parent \ on: Would Ending the Fed Cause a Depression? econ
It would be fascinating how they would pivot.
The bill wouldn't abolish US monetary policy, though. The Treasury would still have more policy tools available than most of us would like.
Wall St. should still be able to conform to US monetary policy, but they wouldn't be as directly connected to the spigot, as they are with the Fed.
write
preview
69 sats \ 1 reply \ @grayruby 3 Jun
I am not really familiar with the bill other than it effectively ends the fed. Treasury running monetary policy might be worse.
reply
50 sats \ 0 replies \ @Undisciplined OP 3 Jun
Treasury running monetary policy might be worse.
That's the concern, for sure.
reply