Powell said that moving forward "we think it's time to just go to a meeting by meeting basis." Translation: "Things might go even more off the rails at any time, so let’s just play it by ear."
The fact that Social Security's generational highjacking is politically well established doesn't make it ethical. We send private Ponzi scheme organizers to prison for good reason.
Neoclassical economists have a rigid view of monopoly producers. Austrians recognize that the only monopolies that create problems have been nurtured by government intervention.
