/biz/ - Business & Finance

It's corporate welfare. The fed's mandate is to: "maximize employment, stabilize prices, and moderate long-term interest rates". They've done a good job of maximizing employment - there's enough money to go around to employ people in bullshit jobs. I suppose that could be considered "communist" in a sense, since their money does end up in the hands of everyday people, it just goes thru a corporate sieve first. Interest rates have been stable. The downside is obviously skyrocketing asset prices (homes, stonks), which is where people have gotten poorer. I actually don't think their 2008 actions have made life worse for the average amerifat. No one's starving in the US. There are opportunities for most people to buy stonks, and sometimes homes. People are too busy slaving away to foment social unrest.

As far as what the last 10 years would look like without their cheap money? I think austerity policies would have been worse. Look at europe.

I'm not sure how the fed goes bankrupt. They can buy as much garbage as they want. They'll simply lose credibility.

2020+ is a brave new world with new rules