I think the 2008 events have shown that the Fed's purpose is to keep the "financ... | Hacker News

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		maxxxxx on June 25, 2014 \| parent \| context \| favorite \| on: The Economy Got Off to a Historically Bad Start in... I think the 2008 events have shown that the Fed's purpose is to keep the "financial system" happy. Regular citizens don't really count anymore.

waps on June 28, 2014 [–]

But don't you think that if the financial system gets unhappy, you'll quickly follow in that unhappiness ?

2008 was really bad for the financial system. 2009 was really, really bad for everyone else. One was the direct cause of the other.

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