The Fed Can't Control Inflation

The fediset is supposed to control price stability and maximum employment. They can easily do that through you control inflation by doing more monetary policy. As long as e're not worried about something like inequality, ho just get a maximized g p. That's deflationary on its own. But if you are going to deal with fairness and justice, n these things a are not natural constructs,. And give people in the middle some level of equality and fairness, that is ultimately going to short circuit that benevolent cycle. These are structural inflation. We've broadly been told that that structural inflation is not really an issue. It happens here and there, but then it's really the psychological pieace.

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