Contumacious
Radical Freedom
As powerful as the intelligence agencies are, there is another secretive government institution that also has great ability to harm, or help, politicians: the Federal Reserve. By manipulating the money supply and interest rates, the Fed can cause a temporary boom or slowdown. As we have seen over the past several years, the Federal Reserveās money creation will also lead to rising prices, which can offset any economic benefits the average American receives from a Fed-created boom.
While the Fed is responsible for boom and bust cycles that plague the American economy, most people give the credit or blame for a strong or weak economy to the president and other elected officials. Partisan politics play a role in this too, like when Republicans labeled the price inflation created by the Fedās unprecedented money creation āBidenflation,ā suggesting Biden was responsible.
Since the Federal Reserveās creation, presidents have pressured the Fed to implement monetary policies helpful to their administrations. Usually, the Fed tries to accommodate presidents, which is why economists refer to the political business cycle. However, the Fed does not always accommodate presidents. President George H.W. Bush and members of his administration blamed his 1992 loss on Fed Chairman Greenspanās refusal to lower interest rates to help the economy recover from a recession.
www.lewrockwell.com
While the Fed is responsible for boom and bust cycles that plague the American economy, most people give the credit or blame for a strong or weak economy to the president and other elected officials. Partisan politics play a role in this too, like when Republicans labeled the price inflation created by the Fedās unprecedented money creation āBidenflation,ā suggesting Biden was responsible.
Since the Federal Reserveās creation, presidents have pressured the Fed to implement monetary policies helpful to their administrations. Usually, the Fed tries to accommodate presidents, which is why economists refer to the political business cycle. However, the Fed does not always accommodate presidents. President George H.W. Bush and members of his administration blamed his 1992 loss on Fed Chairman Greenspanās refusal to lower interest rates to help the economy recover from a recession.
Will The Fed End Trump? - LewRockwell
Early in 2017, Senator Chuck Schumer stated that then-newly elected President Donald Trump was dumb to be antagonizing the intelligence community because āthey have six ways from Sunday to get back at you.ā Senator Schumer seems to have been onto something, given the possible involvement of US...
www.lewrockwell.com
