The Federal Reserve and the Regime Are One and the Samemises.org/mises-wire/federal-reserve-and-regime-are-one-and-same
465 sats \ 10 comments \ @Undisciplined 16 Oct econ
By Ryan McMaken
Over and over, the Federal Reserve “coordinates” its policies with the Treasury to ensure that the regime gets what it wants from the Fed.
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48 sats \ 1 reply \ @grayruby 16 Oct
This one is for @StillStackinAfterAllTheseYears
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40 sats \ 0 replies \ @StillStackinAfterAllTheseYears 16 Oct
Ha! Perfect gif!
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29 sats \ 1 reply \ @Satosora 16 Oct
"Special interest groups soon began to demand a weaker dollar." The people that wanted to be ahead of the curve and make inflation work for them. Its so crooked.
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0 sats \ 0 replies \ @Rothbardian_fanatic 16 Oct
I don’t know about that, the people are at the very end of the money expansion chain and ALWAYS loose, while those closer to the source of the new money make the big gains. That is why the bsnksters are ALWAYS clamoring to make more loans on their 10% reserve factor.
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20 sats \ 4 replies \ @Rothbardian_fanatic 16 Oct
Given this long history of enabling the federal government’s gargantuan debts and runaway spending, its difficult to see where the legendary “Fed independence” fits into all of this. Rather, an honest look at Fed interventions suggests that the Fed never refuses to facilitate the federal executive branch in implementing its political program.
Damn straight! Powell seems to cuck outt every time to Yellen and the government. The only way the Fed is independent is that they can choose between cuck to the New York Banksters or the Government self-servers.
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40 sats \ 1 reply \ @denlillaapan 16 Oct
it's almost like the Fed independence were a myth. Crazy! https://press.princeton.edu/books/hardcover/9780691163192/the-myth-of-independence
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0 sats \ 0 replies \ @Rothbardian_fanatic 16 Oct
Yes, it is an Urban Myth for the modern age and the infirm minds.
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20 sats \ 1 reply \ @Undisciplined OP 16 Oct
I'm pretty sure one of the Fed presidents said something like "We have to do what the president wants, in order to remain independent."
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28 sats \ 0 replies \ @Rothbardian_fanatic 16 Oct
Yes, that statement just reeks of independence and independent thinking. I guess the president could just hire a robot or make an AI tor work his pleasure.
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0 sats \ 0 replies \ @7e6e393a56 16 Oct
Federal reserve has nothing independent. As in the largest GDP in the world there are no interests of the economic elite and the government
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