The Federal Reserve is out of control, acting in ways and with powers that were never explicitly granted by Congress...
Last week, President Donald Trump set the economics community aflame by suggesting that he will appoint businessman and presidential aspirant Herman Cain to the Federal Reserve Board. Even more than political economist Stephen Moore, the critics maintain, Cain represents a threat to the cabal that has controlled the central bank for decades.
Why? Because Cain is a successful executive who founded a real business, took risks, and created jobs, things most academic economists will never ever do.
Media outlets and other allied constituencies have howled with rage at the prospect of President Trump “packing the Fed,” a distant reference to attempts by President Franklin D. Roosevelt to pack the Supreme Court in the 1930s. Those worried about the independence of the Federal Reserve Board should reconsider. Independence from what exactly?
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7 comments:
LOVE Herman Cain!
this is what got kenedy killed ..watch your backs Mr Trump and Mr Cain..
Yeah1
The Fed needs to get reined in.
Exactly, but it needs to be done, the Fed is killing our country along with all the idiot demoncrats!
No it needs to be obliterated!
Drain the swamp, Make America Great Again
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