Trump seems to be on fire the first weeks!
Openly firing against the Fed, bringing cheap and massive energy online and cutting down on regulations?
I do hope he keeps delivering on his promises! This will hopefully have spillover effects on Europe!
Stay humble, stack sats!
The war between treasury and fed is very interesting.
In reading the Executive Orders, the most telling thing was Fed was excluded from all stablecoin talk, it was all to be handled by Treasury.
There is quite a parallel: For last 60+ years congress has outsourced its legislative powers to agencies....now that is turning back because SCOTUS decision (Chevron Deference)
Likewise, for the past 100+ years, Treasury outsourced currency to Fed, now that too is turning back....
Super interesting to see these things staring to move! Two years ago I thought we might reach a new communist era... But now there is a swing around! Keep fighting! We might win one day.
Alternative for America Alternative for Germany Alternative for Europe Alternative for the West
How Bitcoiners can't see what is going on right in front of them, right in front of their eyes to me is baffling.
Mr. Trump for all his promises is no friend to Liberty.
Never said that
says the person who voted for the woman who wants to ban private health insurance
Hell yeah
The Federal Reserve Act of 1913 is not constitutional
Milton Friedman wanted to abolish the Fed. Grow the money supply by 2 or 3 percent per year. Done. Interest rates can be set by treasury auctions. Done.
I think that eliminating legislative delegation to agencies would be the most helpful of all the things he could do. That delegation has made live a regulatory hell for everybody. The laws are the laws as written, not as interpreted by executive agencies. Trump might be able to clean them out, while he is at it.
There is tremendous potential here.
The way its being handled, is that people (companies) will need to challenge existing regs according to new SCOTUS ruling, which will then prompt a review and if found that there isn't legislative backing it will be voided and congress forced to legislate it.
The potential here is like a decentralized DoS attack the people can do against the administrative state. I really hope this spawns thousands or tens of thousands of simultaneous lawsuits that both invalidates and ties congress into knots.
Yep, let’s all start tossing great piles of money at the attorneys! That will make us feel good. The thing to do is to just ignore any regulation that you think is done through unconstitutional legislative delegation of authority. It is void from the start.
Don’t know if you want him to go all out!! He has ideas about tariffs that may be more harmful than helpful to the American people. It seems that protectionism is one of those things like minimum wages that hurt people more than anything else. If he is just using it as a threatening gesture, fine, but if he starts applying tariffs, look out below!
Calvin Coolidge supported tariffs but he cut income taxes and government spending and presided over the roaring 20s, post Harding, pre Hoover
The Federal Reserve was also printing like madmen at that time to recover from WWI.
from 1920 to 24 then slight deflation and stability during the Coolidge years and then disaster: money supply decreased by 33% between 1929 and 1933
The FRB did it!