{"id":68055,"date":"2024-05-14T13:54:33","date_gmt":"2024-05-14T18:54:33","guid":{"rendered":"https:\/\/olduvai.ca\/?p=68055"},"modified":"2024-05-14T13:54:33","modified_gmt":"2024-05-14T18:54:33","slug":"why-the-establishment-fears-a-trump-led-fed","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=68055","title":{"rendered":"Why The Establishment Fears a Trump-led Fed"},"content":{"rendered":"
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Why The Establishment Fears a Trump-led Fed<\/a><\/h3>\n
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While in office,\u00a0Trump blamed the Fed<\/a>\u00a0for tightening monetary policy. Now members of Trump\u2019s team allegedly plan to give a re-elected Trump more power over the Fed, igniting panic from mainstream economists about a politicized Fed. Our\u00a0guest commentator explains why the real risk, from the establishment\u2019s perspective, is not that Trump will turn the Fed into a political organization but that he will expose that it\u00a0already is one<\/a>.<\/span><\/p>\n

The\u00a0following article<\/a>\u00a0was originally published by the Mises Institute. The opinions expressed do not necessarily reflect those of Peter Schiff or SchiffGold.<\/em><\/p>\n

Discourse about the Federal Reserve is frequently full of myths, dishonest framing, and outright lies. Listen to a press conference by Chairman Jerome Powell or read an article from a major outlet\u2019s lead Fed correspondent and you\u2019re bound to hear at least a few. For instance, it\u2019s common for the financial press to characterize the Fed\u2019s current conundrum as \u201cwalking a tightrope.\u201d<\/p>\n

It\u2019s said that the Fed is working to guide the economy along without tipping it over into either high inflation on one side or a recession on the other. The last couple years, we\u2019re told, saw the economy wobble too far toward the inflation side, with the Fed now attempting to pull the economy back to the thin line of stability without tipping over too far and plunging into a recession.<\/p>\n

But anybody who actually understands\u00a0what causes recessions<\/a>\u00a0can tell that this framing is, at best, incredibly misleading. The Fed doesn\u2019t prevent recessions, it directly causes them. These days the tightrope analogy contributes to the myth that, while difficult, a recession is possible to avoid. It isn\u2019t. All the Fed can do is delay and amplify the painful correction that earlier monetary policy made inevitable.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/article>\n","protected":false},"excerpt":{"rendered":"

Why The Establishment Fears a Trump-led Fed While in office,\u00a0Trump blamed the Fed\u00a0for tightening monetary policy. Now members of Trump\u2019s team allegedly plan to give a re-elected Trump more power over the Fed, igniting panic from mainstream economists about a politicized Fed. Our\u00a0guest commentator explains why the real risk, from the establishment\u2019s perspective, is not […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[18562,303,4047,379,18779,10522,3650],"class_list":["post-68055","post","type-post","status-publish","format-standard","hentry","category-economics","tag-biden","tag-fed","tag-fed-independence","tag-government","tag-schiffgold","tag-trump","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/68055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=68055"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/68055\/revisions"}],"predecessor-version":[{"id":68056,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/68055\/revisions\/68056"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=68055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=68055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=68055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}