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Statement from Jerome Powell
161–170 of 871 posts
Re: Statement from Jerome Powell
#162Earlier quoted context omitted.
The point is better (and stands on its own) without treading into personal attacks. Don't let a throwaway account bait you into turning it into a battle of name calling instead of sticking to readily available facts as you link at the end, it's what they often want and if they were sincere it severely diminishes the chances they'll believe your links were in good faith anyways.
Facts matter, as does telling people it is on them to understand them. Otherwise, we will spin in perpetuity refuting people who are not discussing in good faith. I stand by my assertions. I do not believe it is impolite to call out a potential lack of education, or ignoring of facts and reality. Without shared facts and reality, discussion and debate is impossible. https://en.wikipedia.org/wiki/Brandolini%27s_law
This is every part I agree with, with none of falling for the trap of looking bad for doing so. They've already edited the comment and posted a new one. Now the insults stand rather than just what you've said here, which was perfectly even keeled and factual.
If you're going to put the energy into refuting something, why bother wasting it by using personal insults to kick it off instead? Uneducated is at least borderline, if a bit blunt, but unsophisticated just drains any value.
I appreciate you deeply for standing up to it, I just don't want to see doing so made to look bad when the facts presented were so solid and good.
Re: Statement from Jerome Powell
#163Threats like the ones Powell's receiving would be the end of any other presidency. Why tech elites continue to align themselves with this clownshow will be a source of incredible shame that I'll hold onto forever.
The tech CEOs will have to do a whole lot of explaining, relocating and, perhaps, other things once this clown show is gone after 2028
Re: Statement from Jerome Powell
#164So this is the bar for the next country to surpass the US as the world's economic super-power, if this continues it's most likely going to be China to surpass the US. An opportunity for the EU to stop its bureaucracy and cleanup its act. If it cannot convince anyone that they are next, then one can argue that democracy is completely finished. If this nonsense continues it will be the UAE + Saudi Arabia + China, cutti…
If that's the bar, well, China is not a sterling example of central bank independence and the rule of law either.
Re: Statement from Jerome Powell
#165From an institutional engineering POV (warning- I am a grouchy old former political scientist), it would be interesting to come up with institutional solutions for some of the problems America is facing right now. Specifically I think I'd remove the Attorney General role from the President's authority and give it to Senate, to nominate & confirm exclusively. Let's say 51 votes to confirm and 55 votes to impeach. Even among presidential systems, the US cabinet is unusually presidential-centric. I'm not a big LatAm expert, but I think they typically separate the public prosecutor from the president's nomination capacity.
Of course I would strongly prefer to not be a presidential system at all. But if we're discussing post-Trump constitutional reforms that could plausibly pass, I think removing the Attorney General/DOJ from the president's purview and also placing some checks on the pardon power seem doable
Re: Statement from Jerome Powell
#166[flagged]
Re: Statement from Jerome Powell
#167[flagged]
Without the Fed, how would you advise the nation deal with events like the Great Depression, the Great Recession, or COVID? Would you disagree that the Feds actions shortened these events and thus helped the public in the process?
Yes, I would disagree that the Fed has any positive influence whatsoever. It should be abolished and we should solve our problems with policy that relates to them and not pro-capital financial manipulation.
Re: Statement from Jerome Powell
#168So I'm sitting here as a Canadian wondering what the American people are going to do? I understand a lot of what the President of The United States says - I even agree with some of it, the problem is I don't feel like we're engaging with the American people anymore. I really wonder where you guys are headed and what it means for the rest of us, I spent 15 years in the states, built a public company there, I really li…
We vote. That’s all we can do. 50.5% of the people voted for this insanity in 2024. We can only hope they see how this is going and vote differently in 2026 and beyond.
Re: Statement from Jerome Powell
#169Remember early in his first term when he tested waters but the governmental system pushed back and kept him in check? It feels like an out of body experience to look at this and contemplate how much he’s changed about how the U.S. government conducts itself.
He was rewarded with full control of every branch of government. What did we expect?
Re: Statement from Jerome Powell
#170Earlier quoted context omitted.
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This is an exceptionally poor take on the matter.
why? asset holders in this country have a free fed put, wage earners get smashed in the face. you can make a solid case this institution is more harmful and free banking is much better for wealth equality.