Never could understand why we gave up our money supply to private bankers. We need to take it back and prosecute bankers.
The government prints money and banks are its distribution channel. Government can always print more money but it is harder to get trust on its value if people have no guarantee for their deposits.
Why would you want Trump to do this? Check out what Trump's federal reserve did back when Trump was President 🤔
So give it to politicians instead of economists? What could possibly go wrong?
lol What world are you living in? Taking back our monetary system. Maybe go back on the gold standard. Balance the budget. Stop spending. 🙄
If politicians have control of monetary policy, they have incentive to use it in a way that works best for them rather than what’s best for the economy. You would see interest rates plummet prior to elections in order to try and boost output, whether economic conditions called for it or not. Go back to the gold standard?!? Right, because that has such a fantastic track record during trying economic times…imagine how bad the Great Recession or even the COVID Recession would have been without the Fed’s ability to lower rates.
"May consider" lmao. He'll absolutely fill the Fed with his sycophants on day one. Wake up folks.
Trump 2016 election: audit the Fed!! Trump 2020: print as much fucking cash as you want to stop a cold
Biden:2020 Build Back Better = inflation and destroyed the economy. Created side hustle generation. High interest rates and $15 Big Mac meals Biden 2024: I’m going to now fix the economy, if you reelect me. 😂😂😂😂
Yeah. It’s two sides of the same coin. You’ll always lose
Yup. This will go well. Like all his other schemes. How many Foxconn jobs did he create, again? Whining loser
We should switch to a full reserve banking system.
Wow, really scary stuff. If you want to know what political control/influence over monetary policy does, look at Turkey. They’ve had way over 100% inflation for years as the government kept lowering interest rates because that’s what their voters wanted. The country is in such a state that they are discussing raising the minimum wage every quarter to keep up with inflation. In 2006, 1 USD equaled ~1.4 Turkish lira. In 2019 it was 1 USD to ~5 Turkish lira. Today 1 USD equals ~33 Turkish lira. Someone looking at this news and thinking “good idea!” is exactly why democracy is dangerous. Unless the average voter has an understanding of political and economic fundamentals, history, and international relations democracy turns into a tyranny of idiots.
I’m in favor of citizen / political control of money supply.
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What? That is literally how most countries around the would cause their recession and currency devaluation. By giving politicians control over the economy.
Lol From 1776 - 1913 we had control of our money supply. Not some private rich bankers. And, “giving politicians control over the economy?” Have you seen the spending they do?
Also, the USGov controlled their own money supply backed by either silver or gold from 1792-1913 and enjoyed mostly stable prices and purchasing power over that time. They gave up control to the Fed in 1913 and dropped the gold standard in 1933. Since that time the dollar lost 99.5% of its purchasing power. Facts don’t support your claims that politicians did worse than the Fed. Hard money > worthless fiat.