If the central bank implemented inflation targeting by simply handing out cash to everyone, I'd probably shrug. But the current system is a moral abomination and I won't be surprised when it collapses in another decade or two. Looking forward to seeing your comments on future HN economics posts as that process plays out.
"Moral abomination"? The fed controls interest rates. Lower interest rates are handed out to everyone. Credit card holders. Mortgage refinance. HELOC. Just who do you think is disproportionately benefitting in a way that's causing you to throw up the moral white flag? With sources please.
