> price stability is a ridiculous concept invented by mad men
Theoretically defensible, but politically sociopathic. As monetary policy, it says;
Keeping the value of a $ stable, as an objective measure of the value of things sold in markets, is more important than whether people can afford enough food to stay alive.
This is '#neoliberalism' and its hands-off central banking in a nutshell. Obsessed with controlling inflation, regardless of the effects.
Kevin Carson (npub1glr…8qmc) Light (npub1rsq…33yg) Cy (npub1ekj…wjxt)
Strypey
npub1d9…qcnl2
2026-03-20 23:53:42 UTC
in reply to nevent1q…wwqn
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wss://relay.momostr.pinkPublished at
2026-03-20 23:53:42 UTCEvent JSON
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