Federal Reserve is an exclusive club

Warsh is in-between a rock and a hard place.....he must raise rates or inflation crashes the economy.

searcher said:

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A Central Bank head is, by definition, an agent of government or the power behind government, there to debase the currency.

A sound currency needs no Central Bank - a government Treasury will suffice. The Central Bank is there to control (debase) the currency as it transforms, or runs in, fiat...no real value in recognizable tangibles.

Go for it Fatso...

When Trump is Impeached a fifth time...this time I'll not join in the outraged howls.

It'll be a case of, wrong reasons, right results.

The man is senile.

Related

searcher said:

Related

The Lesson of 1971 Was Never About Gold

Nixon’s 1971 break with gold shows how political pressure on money can fuel inflation and threaten central bank independence.

www.soundmoneydefense.org

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Sound money is honest money.

It's the same idea as are the checks and balances of the Constitution. The argument is not that the Constitution doesn't allow good leaders to do good things - that's true, partially; it makes any process slow and deliberate.

What it does do is enable the nation (at least in the past) to survive BAD leadership. Harding. Lincoln, who settled the question of Secession...a legal question...he settled it with arms, not arguments before the Courts.

Wilson. Wilson's student, Roosevelt. Johnson, a megalomaniac with some sexual history. And of course, Bubba...who just wanted the pomp and glory, and occasional illicit service from dullard interns.

We had survived all of them, even though they all took a price, which has added up.

We survived Nixon's folly, put on top of Roosevelt's default. But now, the reckless leadership that followed, has bankrupted us and destroyed the economic foundations of the nation. We're not based on thrift - thrift is impossible, in the currency of the land. We're based on debt; and any entity with debt, is a slave to those who hold the claim.

EDIT: corrected my list of failed preezy-dintz.