@hosseeb@wclemente@deepseek_ai@Google The difference is that you can ask ChatGPT and Claude about Donald Trump. Meaning it’s not some government censurship on Google Gemini as it is for Deekseek with the CCP. It’s rather Googles own decision.
Skattebetalarna kan behöva skjuta till 50-70 miljarder till Riksbanken. På grund av värdepappersköpen under pandemin som bidrog till bostadsbubblan. Sveriges mest underkritiserade myndighet?https://t.co/KxN5ADuxZZ
Commercial bank deposits are backed by central bank reserves and government bonds.
Government bonds are backed by the central bank's ability to create reserves and buy those government bonds if needed.
Cascading sovereign bond problems are at the core of the system.
The point is, economics is a really middle arbitrary discipline. Not physics, math, or logic. Below engineering for sure, and roughly on par with psychology (and below the type of psychology that does actual brain scans).
And yet treated as better, to the detriment of many.
If the Fed doesn't tighten, people will complain. If the Fed tightens, different people will complain.
Their mandate and their models points them to tighten until either inflation is low, unemployment is high, or the Treasury market breaks beforehand.