dsugarman
Joined 14 years ago
Joined 14 years ago
I am genuinely confused and alarmed by the rhetoric of your post. It feels beyond personal
I'm a huge capitalist and I think we need to be honest about where capitalism isn't working. It's always due to free market mechanics being removed from the equation by layers of obscurity. I don't know the right answer but this shit is not working
It reads as they're great and there's not a lot of people as great as they are when in reality it's probably more like the overlap between the set of people they desire and the set of people that desires them is impossibly narrow. This sounds like a tough personal problem that they can 100% work through by looking in the mirror and working on themselves.
I'm too great to ever find someone as great as me is frankly a piss poor attitude and outlook on life and I feel really bad for them to be stuck like that.
In response to your direct request, here's Powell talking about a "soft or softish" landing specifically calling it a recession that is not severe. https://youtu.be/Ue1aDKboQcQ?si=HRcPcJFT22kYxYQT
I find the whole back patting themselves on a "soft landing" a total joke and offensive to the American tax payers. They create so much pain, especially to those without net worth, in the name of stalling inflation when inflation is directly caused by money supply. They created the problem not with 0 interest rates but by literally injecting cash into the economy, they lied about it's effect on inflation and then they could have sat on their hands and inflation would have evened out without destroying everyone's bank accounts. They really don't need play God on the economy, it creates more problems than it solves