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Wednesday, April 10, 2019

Whalen: Trump Is Right To Blow Up The Fed"

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:

Anonymous said...

LOVE Herman Cain!

Anonymous said...

this is what got kenedy killed ..watch your backs Mr Trump and Mr Cain..

Anonymous said...

Yeah1

Anonymous said...

The Fed needs to get reined in.

Anonymous said...

Exactly, but it needs to be done, the Fed is killing our country along with all the idiot demoncrats!

Anonymous said...

No it needs to be obliterated!

Anonymous said...

Drain the swamp, Make America Great Again