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Post by ferris1248 on Aug 9, 2024 5:43:47 GMT -5
He would bankrupt the US in 4 years. The Fed needs to stay independent. For those of you who complain about the deficit, you ain't seen nothing yet "Former President Donald Trump has proposed that presidents should have the power to influence the Federal Reserve’s interest rate decisions, potentially challenging the central bank’s political independence." “I think I have a better instinct than, in many cases, people that would be on the Federal Reserve — or the chairman,” said Trump." "During the press conference at his Mar-a-Lago estate, Trump, who had previously clashed with Fed Chair Jerome Powell, criticized the Fed Chair’s timing on interest rate decisions. The former president also hinted at potential changes to Fed operations, including subjecting the central bank to review processes applicable to executive branch agencies." "In April, it was reported that Trump’s allies were formulating plans that could potentially disrupt the independence of the Federal Reserve, if the former president were to be re-elected." "Furthermore, the controversial “Project 2025” by The Heritage Foundation, which included a section authored by a member of Trump’s 2016 transition team, suggested a complete overhaul of the U.S.’s monetary policy. Trump has denied knowledge of the now-shelved agenda." www.msn.com/en-us/money/news/trump-wants-a-say-in-interest-rate-decisions-made-by-federal-reserve-i-think-i-have-a-better-instinct/ar-AA1ouguw?ocid=winp1taskbar&cvid=cb17c09373664d64f8a118d068955ce3&ei=8 |
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Post by bswiv on Aug 9, 2024 5:49:20 GMT -5
He would bankrupt the US in 4 years. The Fed needs to stay independent. For those of you who complain about the deficit, you ain't seen nothing yet "Former President Donald Trump has proposed that presidents should have the power to influence the Federal Reserve’s interest rate decisions, potentially challenging the central bank’s political independence." “I think I have a better instinct than, in many cases, people that would be on the Federal Reserve — or the chairman,” said Trump." "During the press conference at his Mar-a-Lago estate, Trump, who had previously clashed with Fed Chair Jerome Powell, criticized the Fed Chair’s timing on interest rate decisions. The former president also hinted at potential changes to Fed operations, including subjecting the central bank to review processes applicable to executive branch agencies." "In April, it was reported that Trump’s allies were formulating plans that could potentially disrupt the independence of the Federal Reserve, if the former president were to be re-elected." "Furthermore, the controversial “Project 2025” by The Heritage Foundation, which included a section authored by a member of Trump’s 2016 transition team, suggested a complete overhaul of the U.S.’s monetary policy. Trump has denied knowledge of the now-shelved agenda." www.msn.com/en-us/money/news/trump-wants-a-say-in-interest-rate-decisions-made-by-federal-reserve-i-think-i-have-a-better-instinct/ar-AA1ouguw?ocid=winp1taskbar&cvid=cb17c09373664d64f8a118d068955ce3&ei=8Milton Friedman made some reasonable suggestions as to why we did not need the FED.......was he right? I'm not clear enough on that level of economics to know........but......it's reasonably clear that the folks at that level of economics are not all in agreement on many things.....so who knows. |
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Post by ferris1248 on Aug 9, 2024 5:55:01 GMT -5
He would bankrupt the US in 4 years. The Fed needs to stay independent. For those of you who complain about the deficit, you ain't seen nothing yet "Former President Donald Trump has proposed that presidents should have the power to influence the Federal Reserve’s interest rate decisions, potentially challenging the central bank’s political independence." “I think I have a better instinct than, in many cases, people that would be on the Federal Reserve — or the chairman,” said Trump." "During the press conference at his Mar-a-Lago estate, Trump, who had previously clashed with Fed Chair Jerome Powell, criticized the Fed Chair’s timing on interest rate decisions. The former president also hinted at potential changes to Fed operations, including subjecting the central bank to review processes applicable to executive branch agencies." "In April, it was reported that Trump’s allies were formulating plans that could potentially disrupt the independence of the Federal Reserve, if the former president were to be re-elected." "Furthermore, the controversial “Project 2025” by The Heritage Foundation, which included a section authored by a member of Trump’s 2016 transition team, suggested a complete overhaul of the U.S.’s monetary policy. Trump has denied knowledge of the now-shelved agenda." www.msn.com/en-us/money/news/trump-wants-a-say-in-interest-rate-decisions-made-by-federal-reserve-i-think-i-have-a-better-instinct/ar-AA1ouguw?ocid=winp1taskbar&cvid=cb17c09373664d64f8a118d068955ce3&ei=8Milton Friedman made some reasonable suggestions as to why we did not need the FED.......was he right? I'm not clear enough on that level of economics to know........but......it's reasonably clear that the folks at that level of economics are not all in agreement on many things.....so who knows. Milton may have a point but to dismantle it without a logical progressive towards another form of monetary discipline the US and the world would be damaged. Maybe beyond repair. It would create chaos. We certainly do not need elected officials determining fiscal policy. The Fed is not perfect but it does service a purpose in making tall waves into manageable swells. |
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Post by gardawg on Aug 9, 2024 7:31:28 GMT -5
so they want to rob the bank ... big surprise  |
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Post by bswiv on Aug 9, 2024 8:59:06 GMT -5
Milton Friedman made some reasonable suggestions as to why we did not need the FED.......was he right? I'm not clear enough on that level of economics to know........but......it's reasonably clear that the folks at that level of economics are not all in agreement on many things.....so who knows. Milton may have a point but to dismantle it without a logical progressive towards another form of monetary discipline the US and the world would be damaged. Maybe beyond repair. It would create chaos. We certainly do not need elected officials determining fiscal policy. The Fed is not perfect but it does service a purpose in making tall waves into manageable swells. We forget that the world functioned before the FED and the IMF.......and that those in charge of the FED & IMF......are appointed by politicians......and as they are humans they too possess leanings and ideals that can lead them to make politically based decisions. And it is a fallacy, one we make in all manner of things, to instinctively ask when some top down government program or entity is suggested for elimination: What do we replace it with? That question near on negates the thought that just maybe there is no need, no value, actually a positive to be gained by NOT REPLACING it with something subject to the same machinations as occurred in what we seek to eliminate. Well worth keeping that sort of thought process as part of our mental toolkit. |
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Post by ferris1248 on Aug 9, 2024 9:02:14 GMT -5
If you eliminate the Fed Reserve and do not replace it, what happens?
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Post by luapnor on Aug 9, 2024 9:02:25 GMT -5
We have seen it... 36 Trillion in debt. Seems they dont need any help in ruining our country. 36Trillin in debt is NOT managing chaos, it is creating the worst possible chaos.
But the boomers got theirs and they dont want that apple cart upset till they die and then they dont care what happens. The most spoiled generation of all time.
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Post by ferris1248 on Aug 9, 2024 9:06:13 GMT -5
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Post by ferris1248 on Aug 9, 2024 9:07:06 GMT -5
We have seen it... 36 Trillion in debt. Seems they dont need any help in ruining our country. 36Trillin in debt is NOT managing chaos, it is creating the worst possible chaos. But the boomers got theirs and they dont want that apple cart upset till they die and then they dont care what happens. The most spoiled generation of all time. STFU. |
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Post by illinoisfisherman on Aug 9, 2024 9:07:15 GMT -5
Can you imagine what the “spend and tax” Democrats would do if they were not constrained by the Fed and the Supreme Court?
They absolutely want complete freedom to ruin the country
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Post by ferris1248 on Aug 9, 2024 9:09:10 GMT -5
Can you imagine what the “spend and tax” Democrats would do if they were not constrained by the Fed and the Supreme Court? They absolutely want complete freedom to ruin the country Include the reduce taxes and spend more Republicans in that also. |
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Post by illinoisfisherman on Aug 9, 2024 9:10:24 GMT -5
Ok you are correct. They all need constraints
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Post by luapnor on Aug 9, 2024 9:21:23 GMT -5
Can you imagine what the “spend and tax” Democrats would do if they were not constrained by the Fed and the Supreme Court? They absolutely want complete freedom to ruin the country The FED actually has given them the freedom to spend at will. If they couldnt print money without backing, they couldnt spend the money like they do. If they had to tax to support their spending, they would be hanging from trees. And the RINOs have done the same as the Democrats, they arent much different when it comes to spending. |
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Post by OhMy on Aug 9, 2024 10:31:14 GMT -5
We have seen it... 36 Trillion in debt. Seems they dont need any help in ruining our country. 36Trillin in debt is NOT managing chaos, it is creating the worst possible chaos. But the boomers got theirs and they dont want that apple cart upset till they die and then they dont care what happens. The most spoiled generation of all time. This guy can push buttons with the best of them. LOL. |
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Post by illinoisfisherman on Aug 9, 2024 10:38:32 GMT -5
That’s a compete bunch of crap.
Boomers spoiled?
WW2 folks were definitely our greatest generation.
Boomers could not be spoiled because their parents didn’t have the money to spoil them.
The next generation (whatever you call it) was spoiled by the boomers.
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