When they try to raise rates and suck out liquidit
When they try to raise rates and suck out liquidity too quickly when debts are this high, chaos ensues. Can't fight 1940s-style inflation with 1970s-style policy.
Going forward, the Fed can either damage the currency or damage the long tail of small and medium banks.
#HTX Talks#Trading Volume Hits New Low Since November 2020#Money hack: Soaring crypto
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