wrong, they can inflate bubbles. i think it is rather important to emphasize. there is absolutely no efd that there are more doubles or more intense bubbles under central banks than there are when there weren t central banks. do you get nervous about giving a dozen people so much power or so much money. yeah. you know, sometimes i think we all should. look, we re americans. we re the most suspicious of authority people there are on earth. that said, i get over that suspicion when i start looking at countries where they don t make the fed independent. you tend to see much higher average inflation rates over time. it just confuses me that we can give a a dozen old white people the power to spend $4 trillion. yeah. but be a little careful with that.
if they do something wrong they could inflate bubbles. there is no evidence that there are more bubbles or more intense bubbles under central banks than there are when this were central banks. do you get nervous about giving a dozen people so much power over so much money? yeah sometimes i think we all should. we are americans we are the most auspicious authority people on earth. that said i get over that suspicion when i start looking at littcountries where they don make the fed independent. you see much higher inflation rates. it confuses me we can give a dozen old white people the power to spend $4 trillion. yeah, but be a little careful about that. in normal times what they are