Another otherwise interesting Planet Money podcast.
But with the complete and total belief in the falsehood that interest rate manipulation does what the mainstream thinks it does, when it clearly does not (and never has).
“Happy Fed Independence Day (Update)” https://www.npr.org/2021/03/01/972618276/happy-fed-independence-day-update
Everything everyone mentions about the effects of manipulating the base interest rate is incorrect.
Therefore the entire story makes no sense.
Sad this disinformation continues.
Clint Ballinger 