The Fed's Playbook: Print, Pretend, and Prolong the Pain Let’s get something straight: when AI starts gutting the workforce, the Fed’s answer will be to cut interest rates and inject liquidity—just like they did in every previous crisis they helped manufacture. Axios frames this as compassionate central banking. In reality, it's a script written in blood by Keynesian witch doctors who think they can micromanage 330 million lives with a few dials and a press conference. Austrian economics, however, teaches us something crucial: you can’t fix structural problems with monetary policy. When the Fed intervenes in labor markets by manipulating rates, they distort the very signals entrepreneurs rely on to allocate capital and labor efficiently. This isn’t “easing the pain”—this…
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