241–250 of 871 posts
this is a big deal, markets gonna tank tomorrow morning... and then realize AI is still a thing and recover
Or realize it means interest rates are sure to be dropping.
Earlier quoted context omitted.
It's also for very stupid reasons: The fed dropping rates to the degree that would satisfy Donald Trump would greatly accelerate inflation which in turn would further upset voters, who would in turn blame Donald Trump (just like they did Biden before).
> would further upset voters I continue to be surprised by people who have seen things unfold as they have over less than a year of this administration and still somehow believe we'll continue to have "free and fair" elections anytime in the near future. We have over, and over again seeing virtually all of the "checks and balances" we learned about as kids being overridden without consequence. This community of all o…
I dislike the existence of the Fed, but I dislike the idea of the executive branch being in control of monetary policy even more. I'll be tuning in to see how the case progresses.
Do you have an alternative to the Fed? Likes and dislikes has nothing to do with it. Or let me ask you another way — why do you dislike the Fed?
Earlier quoted context omitted.
He was rewarded with full control of every branch of government. What did we expect?
Through what mechanism is he controlling the other branches of government?
Powell normally talks around the political pressure he's been subjected to. Funny to see him call it out right here.
Earlier quoted context omitted.
If citing the behavior of the most rabbid supporters is allowed (because that's who shows up to campaign rallies), then it's not hard to find an equivalent on the left. /r/all is full of people wanting various people in the epstein files, including trump, to be locked up on spurious associations.
Is there some well of non-rabid Trump supporters that I'm not aware of? I'm always open to the idea that I'm in a bubble, but my experience is that even the least rabid Trump supporters are completely unwilling to criticize him or oppose something he wants. Did any Trump supporters, for example, criticize the prosecution of James Comey?
In the context of the previous comment, the "non-rabbid" (and probably median) supporter would be someone voting Trump because they think they trust him more on the economy/immigration or whatever. They might be indifferent to his claims that he'll lock up his political opponents, or think that they're actually guilty of something, but that's not the same as being "rabbid" (ie. showing up to rallies and chanting "lock her up").
Earlier quoted context omitted.
Do you have an alternative to the Fed? Likes and dislikes has nothing to do with it. Or let me ask you another way — why do you dislike the Fed?
You can dislike a solution but admit that you can't think of a better solution, or specify that it is better than an even worse solution. I can see why someone would have a issues with "a bunch of rich bankers appointed by politicians" controlling American monetary policy. But I can't really see a better way at least, until we can achieve a post-scarcity economy or something.
I dislike the existence of the Fed, but I dislike the idea of the executive branch being in control of monetary policy even more. I'll be tuning in to see how the case progresses.
Do you have an alternative to the Fed? Likes and dislikes has nothing to do with it. Or let me ask you another way — why do you dislike the Fed?