20 sats \ 4 replies \ @Rothbardian_fanatic 16 Oct \ on: The Federal Reserve and the Regime Are One and the Same econ
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.
it's almost like the Fed independence were a myth. Crazy!
https://press.princeton.edu/books/hardcover/9780691163192/the-myth-of-independence
reply
Yes, it is an Urban Myth for the modern age and the infirm minds.
reply
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."
reply
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.
reply