Gee that won’t even badly
That wouldn’t actually be a bad thing. If the government can affect both fiscal and monetary policy, they can do more stuff for people.
Obviously you don’t want Trump to have this power, but it’s not like anyone is interested in curbing the president’s power as we’ve seen with the recent FISA vote or the tiktok ban.
Spoken like someone who isn’t aware of the history that led to the independence of the fed.
Planet Money, or possibly it was Freakonomics, I listen to both a lot… did a deep dive on the history of the fed. I recommend it.
Edit : Sorry if my first sentence came across condescending, I’m working on it. My writing style is needlessly aggressive.
No. That is the correct level of aggression. I think Trump voters in general are lacking an understanding of the history of strong man dictator types and their outcomes. Critical thinking skills are required in order to see through Trump’s thinly veiled lie regime.
Three interest rates is my bet.
One for Trump and the rest of his leeches, including Putain.
One for good faithful maga, where he gets a cut of the interest payments.
A very high one for anyone who says anything remotely bad about him or who voted against him.I mean, fuck the fed, but also fuck trump too
I’ll probably get downvoted to shit for being a centrist shill on this issue but I think the fed actually does good work. Runaway inflation is a lot worse for poor people than a couple years of high interest rates.
The fed prints money like mad for 2 years and you think inflation hasnt runaway?
The fed is owned and operated by the biggest banks in the USA, they look after their own self interests and we should abolish the central bank immediately (just like the founding fathers wanted)
Trump pressured them to not raise rates for the last 2 years of his term when we desperately needed to
Trump had nothing to do with the 4T bailout the Fed gave to major banks (read:itself) in late 2019.
They dont need apprval to print money, they do what they want.
Inflation was high for about a year. That’s a hell of a lot better than other times in history and in many other places today
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