> Trump’s assault on free-market capitalism is anything but conservative
As long as we have the heavy-handed Federal Reserve - tilting the game to pick winners and losers - we don’t have free-market capitalism.
Funny enough, I heard an interview with Robert Reich early today about his new book. I didn’t hear the full interview but in the time I listening he didn’t get close to naming the Fed. I was dumbfounded.
The truth is, the socioeconomic system and the sociopolitical system sits on a foundation. That foundation is the financial system. The Fed sits at the head of the table of the financial system. The Fed pulls the levers. The Fed shakes the snow globe.
I think it's good that we as a nation found Trump to make these decisions, to decide winners and losers in the market, to set interest rates and so forth. Trump makes the decision, and it's done and good, no media frenzy, no court cases, no endless congressional hearings. Just a very few dispassionate, factual articles. The voting populace is happy, the Supreme Court is happy, job creating billionaires are happy. It would have been such a mess if Obama or Biden or even G.W. Bush made these decisions. They'd have made wrong decisions, and we'd be unhappy.
Are there already audiences in place where the plebeian are allowed to expose their problems to the monarch in expectation to get a solution for what troubles their souls?
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[ 6.9 ms ] story [ 26.8 ms ] threadAs long as we have the heavy-handed Federal Reserve - tilting the game to pick winners and losers - we don’t have free-market capitalism.
Funny enough, I heard an interview with Robert Reich early today about his new book. I didn’t hear the full interview but in the time I listening he didn’t get close to naming the Fed. I was dumbfounded.
The truth is, the socioeconomic system and the sociopolitical system sits on a foundation. That foundation is the financial system. The Fed sits at the head of the table of the financial system. The Fed pulls the levers. The Fed shakes the snow globe.