We the People have always been so worried that managing the fiat currency would be poisoned by politics, that we tried to insulate the Fed from oversight.
And in so doing, We forgot to "check and balance" it from the Statists that have captured it.
Now, it is just another tool in the State's undeclared war on the People.
Government is by definition a wielding of coercive power. All bureaucrats, and particularly government bureaucrats, have as a foundational objective the accumulation of power, both institutionally and personally.
This is the reality of all government. It does not hinge on which political party occupies the elective seats of power.
Every new agency or institution created by the US government is by definition an erosion of the people's liberty. Creating the Federal Reserve was no exception.
Now people are beginning to understand what the government has taken from them, and what it proposes to yet take from them.
Old Ben Franklin was right (even if the story is myth): If the the People do not act constantly to 'save their republic', i.e. keep the State in check, the State will expand until it is in full control. And as George W. said (perhaps another myth, but oh so true) government is nothing but force. I like to put it this way:
The State is mindless, but acts with single purpose-in-mind, to ever expand at the expense of its very raison d'etre, the freedom of its People.
Many of us have fantasied about ending the Fed for decades now. It’s not likely to happen, but Powell’s inaction feeds my fantasy anyway. Sure, the Fed’s employees are analyzing data, but when they make no rate changes for months on end, they give the impression to the American public of being useless do-nothings. Who need them, thinks the man on the street. Maybe we can just get rid of them, thinks the congressman. Do it, end the Fed, cries Rand Paul. And so my fantasy continues…
We the People have always been so worried that managing the fiat currency would be poisoned by politics, that we tried to insulate the Fed from oversight.
And in so doing, We forgot to "check and balance" it from the Statists that have captured it.
Now, it is just another tool in the State's undeclared war on the People.
Government is by definition a wielding of coercive power. All bureaucrats, and particularly government bureaucrats, have as a foundational objective the accumulation of power, both institutionally and personally.
This is the reality of all government. It does not hinge on which political party occupies the elective seats of power.
Every new agency or institution created by the US government is by definition an erosion of the people's liberty. Creating the Federal Reserve was no exception.
Now people are beginning to understand what the government has taken from them, and what it proposes to yet take from them.
Exactly so.
Old Ben Franklin was right (even if the story is myth): If the the People do not act constantly to 'save their republic', i.e. keep the State in check, the State will expand until it is in full control. And as George W. said (perhaps another myth, but oh so true) government is nothing but force. I like to put it this way:
The State is mindless, but acts with single purpose-in-mind, to ever expand at the expense of its very raison d'etre, the freedom of its People.
Debating to myself whether anti-Trump Powell is completely incompetent or suffers from severe TDS.
Leaning towards both!
Americans be damned.
Powell is "maliciously stupid".
Exactly!
Many of us have fantasied about ending the Fed for decades now. It’s not likely to happen, but Powell’s inaction feeds my fantasy anyway. Sure, the Fed’s employees are analyzing data, but when they make no rate changes for months on end, they give the impression to the American public of being useless do-nothings. Who need them, thinks the man on the street. Maybe we can just get rid of them, thinks the congressman. Do it, end the Fed, cries Rand Paul. And so my fantasy continues…
I'm very much in the End the Fed camp. And yes, this latest round of ineptitude only amplifies the argument.