*The Fed’s floor system is not really a scandal in the traditional sense. No one alleges personal corruption, and the officials who designed it believed they were acting in the public interest during a crisis. But the system’s persistence reveals something important about institutional incentives: once an agency expands its authority, that expansion tends to become permanent.*
The Fed Broke Its Own Rules. Bitcoin Can’t. https://share.google/lCijyfz42744b4697
halalmoney
npub1vd…97rjz
2026-02-01 21:27:02 UTC
Author Public Key
npub1vdaz78d96t7pjakpfmqqlr4wgq26l6vmkf25782n05qgdgtfmk8s297rjzSeen on
wss://ditto.pub/relayPublished at
2026-02-01 21:27:02 UTCEvent JSON
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"content": "*The Fed’s floor system is not really a scandal in the traditional sense. No one alleges personal corruption, and the officials who designed it believed they were acting in the public interest during a crisis. But the system’s persistence reveals something important about institutional incentives: once an agency expands its authority, that expansion tends to become permanent.*\n\nThe Fed Broke Its Own Rules. Bitcoin Can’t. https://share.google/lCijyfz42744b4697",
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