/biz/ - Business & Finance

because interest rate shit isn't the only reason Jews will blow the economy up. it seems particularly relevant now to current issues but in 6 months we will see it was just a small part of what was going on

Because central banks dosen't control rates. The economic environment controls rates and central banks react to it. The model is completely backwards.
Take this inflation thing for example. The ECB doesn't want to raise rates, they would prefer rates to be negative. Unfortunatly, inflation is out of control so they feel like they have to raise rates. Are they really in charge of rates or did the inflationry environment dictate their policy?

Volcker (1979-1987):
>fixes inflation with massive rate hikes
>tackles unprecedented stagflation like it's the first time figuring out a final boss battle

Greenspan (1987-2006)
Bernanke (2006-2014)
Yellen (2014-2018)
>all consistently lowered rates over time to make debt cheaper

Powell (2018-present)
>has to fix inflation with massive rate hikes
>will have to tackle balancing the economy like a final boss battle

Notice something?

>>49535669
There were cycles before central banks. Just more violent cycles.

I don’t agree with the current central bank approach, but what you greentext makes little sense.

Actual Austrian economic theory (that the free market best self regulated and compensates) makes sense, though. For that to work, we would however need to abolish 99 percent of the lows which artificially skew the market. And we would need to accept predatory monopolists, oligopols, predatory capitalism and large market swings and manipulation.

>>49535911

>>49535866
This is assuming that they have absolutely nothing to do with inflation in the first place, which isn't true.

>>49535669
I only subscribe to the theories of australian economics

>>49535911
why do only the jewish fed bosses mess the world up?

>>49535949
>There were cycles before central banks. Just more violent cycles.
Name 1 depression before the FED

I thought that is the mechanism as understood by the mainstream, why else would they increase Interests to fight Inflation?

>>49535669
Because then politicians would lose some of their power.

>>49535866
Sorry, central banks are exclusively responsible for the monetary phenomenon known as inflation.

>>49535669
we are american, not australian

>>49535949
Before central banks the end of a business cycle happened more quickly, yes. But it also recovered quickly. The dip wasn't as severe. And the financial repercussions were felt by speculators the most.

Read Lords of finance

>>49535669
business cycles are apart of other schools of economic thought though, so i wouldnt worry too much about it

>>49535866
Inflation is just printing money faster than the economy grows. The “environment” stuff is nonsense

>>49535669
they are economic retards and all of their austrian school celebs portfolios constantly underperformed the market, basically seething losers trying to compensate by being edgy

>>49535669
This sounds like what Engels said causes the boom-bust cycle

Read a book goyim, or better yet, attend a university and you'll see why.

>>49535669
>Why the fuck does mainstream economics reject this?
Austrian economics doesn't understand Keynesian money magic.

>>49536942
It’s not edgy for an economist to claim the market sets a price… unless the price is interest rates and then suddenly market set rates are an issue…. Because reasons

>>49535949
What could possibly manipulate the market more than an OFFICIAL banking cartel, with a monopoly on interest rate pricing no less??

>>49535669
>For there are many unruly and vain talkers and deceivers, specially they of the circumcision: Whose mouths must be stopped, who subvert whole houses, teaching things which they ought not, for filthy lucre's sake.
>>49535911
Yes, they left a non-Jew to cleanup their mess and take the blame.