Why Trump’s attacks on the Fed’s independence are so dangerous

[AlbertaFarmer5]

I figured it out long ago that Trump turns to Kimmel for his news, good to see you've finally figured it out AB5 after 10 months.

You have been learning your debating skills from Chuck on the playground again.
I know you are but what am i..

[TSIPP]

I’ve never watched Jimmy, don’t have a clue and I’ll bet I’m not missing much.

[furrowtickler]

There sure be a lot less farmer at 10%, many aren't living within their means, unless some of you 51st Staters move south.

Curious, what’s your version of someone else living within their means ??

[chuckChuck]

"Never an assiduous student of history, Trump probably doesn’t realize that some not-too-distant episodes of political interference in Fed policy didn’t end well. After the second world war, Harry Truman’s treasury department pressured the Fed to hold down interest rates to make it easier to finance the war debt. That helped fuel double-digit inflation in the late 1940s.

Richard Nixon pressed Arthur Burns, then Federal Reserve chair, to hold down interest rates to help Nixon win re-election 1972. By doing Nixon’s bidding, Burns helped fuel a burst of late 70s inflation that caused his successor as Fed chair, Paul Volcker, to jack up interest rates to 20% to tame inflation. Those 20% rates threw the US into a deep recession. “Once Fed credibility is lost it can be costly to regain, as the depth of the Volcker recession demonstrated,” Bernanke and Yellen wrote.?"?

[AlbertaFarmer5]

Curious, what’s your version of someone else living within their means ??

Since forage isn't going to answer, I'll assume it is the same non answer the socialists provide when Thomas Sowell asked what exactly is your fair share of what someone else worked for?

[chuckChuck]

And PP "Trump lite" also said he would fire the Bank of Canada governor at one time!

The right wing wants to politicize every independent institution! Even if causes the worst runaway inflation of the 1970's and 80s!

Imagine how many farms would go bankrupt at 10% or 20% interest rates!

Tighten your belts and sharpen your pencil!?

[blackpowder]

Social studies classes have been politicized in our schools for 50 years. Nice try.