On: For the first time, the Fed is losing money

[pjc50]

> it seems that this topic produces the lowest-quality, highest-confidence responses of any on this board.

If you have this insight, you're already ahead of the game.

The background of orthodox macroeconomics, and the rationale for raising rates in response to inflation, comes from Keynes: https://en.wikipedia.org/wiki/The_General_Theory_of_Employme...