Price is second and the currency banker need to stay a head of liquidity swapping. It is automated at the shortest end, overnight funds. Pricing is a function, it is actually a exchange p the logistics tree. Whch is why our Fed just follows the one year, almost always. Consumer ricing is now two steps ahead of the Fed. The Fed is trilemming by handling the government account specially. The Fed has no clue about inflation except ex post. It matters not, the true inflation index is dollars per barrel.
So we have this Fed looking for additional markets to tax. Why that is deflation. Government will have a hard time making any consumer inflation. If rates too low and Fed taxes high then dollar drops and there is sudden rush to buy oil from Texas. There is no expansion in that unless we all move to Texas.
More oil exports, money to Texas, increasing Fed tax. Janet and Jay cannot be that dumb. Let Janet have a 1.5% double spending authority and the Fed cut out taxes down to a fair monopoly license for fedwire. Like do this tomorrow, quit being brainless.
Just a few year ago, Janet and jay ran a rate cycle, it was not all that bad. Forthis cycle, let Janet double spend and Jay an watch oil prices. Keep her budget to 1.5%.
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