Panic Over the Federal Reserve

Liberal tears... So refreshing!

Like the Fed has ever been independent...geez!

You lost.

We may eventually discover the consequences of quantitative easing, a stunt pulled by the ´independent´ fed, to preserve the Kenyan Klown´s presidency.

If liberals, leftists, and globalists (and their media mouthpieces) are crying ...

... you KNOW this is good for America.

Go, POTUS, go!

The Federal Reserve policy decisions regarding the discount rate, open market purchases, and all adjustments to the money supply should be made by an artificial intelligence algorithm (AI) and not by any humans. The humans are too political and subject to bias to be trusted with this important calculation. The target growth in money supply should be set as a parameter and then the AI would adjust everything else based on a comprehensive knowledge of the national and global economic activity it receives continuously from the internet. The humans could show up in suits and read out the adjustments to Congress during the Humphrey-Hawkins testimony but this could also be replaced by having the Congressmen simply interrogate Google Assistant or Watson.

The Federal Reserve is nothing but a cartel of banks. Nothing federal about it. Once again, Congress abdicated its role when the Federal Reserve was enacted in December 23, 1913. The Creature of Jekyll Island is an excellent book. We should consider 1913 a hellish year for the Country. (That´s when we also were "gifted" with the 16th Amendment.)

Another gift from the originator of the Democrat fascist goobernment policies, Woodrew Wilson. FDR Expanded it. Kennedy, LBJ, Clinton, and Obambi perfected it. Truman was too busy showing Stalin and Labor unions he had a backbone and Carter was so incompetent that fascist polices were put on hold.

Even Stuart Varney, FBN, had his brow furrowed over the “politicization of the Fed”, echoing the whining in the MSM. I do notice that Stuart tends to get his news from the MSM, and sometimes the opinions that color that news, so he has to be watched with care. I also notice that much of the “news” he reports is a a couple days after we read it here…

As of a day or so ago, not one media type - print, internet or TV - has mentioned Cain’s experience with the Kansas City Fed...

Who can name all the individuals on the Federal Reserve and recite their backgrounds/qualifications? Few know, few care, and few understand what the fED does.
Now that Trump states he may nominate two well known men, the crazed LEFT starts screaming.
If they are qualified they have a right to serve.

The Federal Reserve is straight tout of the Communist Manifesto.

New people at the Fed sounds good to me. But this article....yikes.

When an author pens sewage like this:
FTA:"If they were, they’d have been in the fight for the gold standard long ago. It’s the classical, constitutional way to keep monetary policy sound and honest."

I immediately stop wasting my time. That person has proven that they are totally ignorant on macroeconomics, and there is zero point continuing to read their uninformed, misinformed blathering.

The gold standard is absolutely HOPELESS in any realistic, modern, growing economy. Friedman pointed this out decades ago, and it is absolutely true. A sensible, proper, smooth increase in the money supply is required for a health growing economy.

Too much money growth, you have inflation, too little, you have deflation, which we have not seen in a long time, but which is horribly bad, too.

The money supply can´t be rigidly constrained by attaching it to the supply of a commodity like gold, if you want a healthy, growing, expanding economy.

The growth of the money supply must be managed sanely to ensure that there is no shortage of money or no excess of money created. This is where the critical nature of monetary policy comes into play, where the rate of increase of the money supply has to be rationally matched to the growth of the economy. Too much OR too little (gold standard) money supply growth are both serious problems.

The gold standard guarantees too little growth in the money supply. Just because the crooked political SOBs who inflate the currency by printing too much money are bad, going too far in the other direction by harnessing money to gold is an equally heinous error, just in the opposite direction.

It´s old. The media laments any choice Trump makes makes.