Sigh. Full employment? Well over 30% of working age folks don't work or seek work. Printing money or manipulating markets for whatever reason only harms the vast majority of the citizens who are not in position to benefit from those actions.
Trump's policies are super inflationary. Powell cannot reduce interest rates in this fiscal environment as inflation will accelerate and the dollar weaken even further.
What a joke....I love how conservatives weave insults and epitaphs into their opinion pieces as if its an effective means in which to win an argument.
Trump has significantly increased the costs of all products for the American people through his misguided tariff policies (i.e. INFLATION). If you can't admit that 125% tariffs on Chinese products will cause inflation, you need to retake Economics 101. Given the inflationary pressures that THIS administration has caused, Powell and Fed are taking appropriate action by NOT also lowering interest rates.
I'm happy that you bring up Reagan (a REAL Republican). You may recall that his Fed chair (Paul Volcker) raised interest rates to 17% in order to stem inflation. Despite this and Reagan's moaning about it, he respected the rule of law and eventually inflation dropped and growth increased (with the help of tax cuts leading to increased deficits) to create one of the most sustained growth periods in modern American history.
Reagan also vehemently opposed tariffs. You would think Republicans would've learned the consequences of tariffs in the 1930s after they passed Smoot-Hawley Act pushed by Herbert Hoover.
Christian, you and I couldn’t be more in alignment regarding the President asserting power over the Fed. This would be a return to universally acknowledged Treasury Secretary control of Fed policy from the central bank’s creation in 1913 until the 1951 Treasury-Fed accord, a noxious backroom deal, not a law.
Where we part company is on government spending. There is no historical causation between increases in government deficits/debt and elevated inflation. You aptly alluded to Reagan’s economic success; what you left out: Reagan’s huge deficits TRIPLED our national debt in mere eight years. Nearly 31 years of declining then tame inflation followed. The “Biden deficits” (actually much of them and the debt increase from Trump/GOP-enacted COVID stimulus) couldn’t possibly have been at fault for the ‘21-‘23 inflation spike. As spending from Biden-signed programs entered the economy—and our national debt ballooned—inflation continued to collapse. When Biden left office, it was a full two points lower than when Reagan’s presidency ended and near Clinton-era levels.
I’d appreciate your feedback on the videos and opinion pieces featured in my Linktree: https://linktr.ee/spieckerman.
Sigh. Full employment? Well over 30% of working age folks don't work or seek work. Printing money or manipulating markets for whatever reason only harms the vast majority of the citizens who are not in position to benefit from those actions.
Would love to see you lock horns with Paul Krugman.
Trump's policies are super inflationary. Powell cannot reduce interest rates in this fiscal environment as inflation will accelerate and the dollar weaken even further.
What a joke....I love how conservatives weave insults and epitaphs into their opinion pieces as if its an effective means in which to win an argument.
Trump has significantly increased the costs of all products for the American people through his misguided tariff policies (i.e. INFLATION). If you can't admit that 125% tariffs on Chinese products will cause inflation, you need to retake Economics 101. Given the inflationary pressures that THIS administration has caused, Powell and Fed are taking appropriate action by NOT also lowering interest rates.
I'm happy that you bring up Reagan (a REAL Republican). You may recall that his Fed chair (Paul Volcker) raised interest rates to 17% in order to stem inflation. Despite this and Reagan's moaning about it, he respected the rule of law and eventually inflation dropped and growth increased (with the help of tax cuts leading to increased deficits) to create one of the most sustained growth periods in modern American history.
Reagan also vehemently opposed tariffs. You would think Republicans would've learned the consequences of tariffs in the 1930s after they passed Smoot-Hawley Act pushed by Herbert Hoover.
Christian, you and I couldn’t be more in alignment regarding the President asserting power over the Fed. This would be a return to universally acknowledged Treasury Secretary control of Fed policy from the central bank’s creation in 1913 until the 1951 Treasury-Fed accord, a noxious backroom deal, not a law.
Where we part company is on government spending. There is no historical causation between increases in government deficits/debt and elevated inflation. You aptly alluded to Reagan’s economic success; what you left out: Reagan’s huge deficits TRIPLED our national debt in mere eight years. Nearly 31 years of declining then tame inflation followed. The “Biden deficits” (actually much of them and the debt increase from Trump/GOP-enacted COVID stimulus) couldn’t possibly have been at fault for the ‘21-‘23 inflation spike. As spending from Biden-signed programs entered the economy—and our national debt ballooned—inflation continued to collapse. When Biden left office, it was a full two points lower than when Reagan’s presidency ended and near Clinton-era levels.
I’d appreciate your feedback on the videos and opinion pieces featured in my Linktree: https://linktr.ee/spieckerman.