Stop Blaming the Fed. Start Holding Populists Accountable.
Every time someone blames the Federal Reserve for our current economic mess, they’re letting the real culprits off the hook, populist politicians who spent recklessly, distorted supply, and then pointed fingers when inflation predictably exploded.
From Trump’s massive COVID handouts to AOC/Mamdani-style “just print more” rhetoric, the game has been the same: shovel money into a supply constrained economy, then feign shock when prices soar.
Let’s be real, the Fed didn’t vote for $6 trillion in stimulus, congress did.
The Fed did not shut down supply chains without a plan to rebuild them.
The Fed did not bail out megabanks while letting productive investment rot.
The Fed does not keep approving populist sugar highs for political points.
"The Fed did not shut down supply chains without a plan to rebuild them."
No, but the Fed did print trillions of dollars and had the gall to blame supply chains - when there is now ample evidence that adding 40% of all dollars in existence out of thin air via QE is what really drove inflation...
"The Fed did not bail out megabanks while letting productive investment rot."
Yes they did. In fact, productive investment has been stagnating since we left the gold standard and the Fed became the de facto central bank for the world.
"The Fed does not keep approving populist sugar highs for political points."
You're aware of what Quantitative Easing is right?
Your battle on "supply constrained" economies accelerated in 1993 with the appointment of Al Gore - Executive Order 12866.
The federal government will spend almost $7 trillion this year with a deficit of almost $2 trillion. But the acknowledging that would mean accepting the fact populist politicians have a problem.
“The Fed added 40% of the money supply.”
Yeah, to offset the firehose of Congressional spending. QE didn’t cause $1,400 checks, PPP fraud, or multi-trillion-dollar infrastructure fantasies. Congress did. The Fed responded to political choices, not the other way around.
"The Fed bailed out megabanks."
Yes, but only after Congress deregulated them, guaranteed their survival, and built a too-big-to-fail system. The real enablers were legislative: repeal of Glass-Steagall, the Commodities Futures Modernization Act, and endless fiscal backstops. Congress delegated its authority to the fed after it blew up the economy. You brought up that these radical populist get elected as the results of bailouts. Congresses passage of Emergency Economic Stabilization Act, in which the taxpayer bailed out multibillion dollar banks and other companies is a large played a huge part in sweeping Dems into power in 2008.
The fed seeking quantitative easing is not it searching for populist sugar highs or political points. Its reactionary to the recklessness of political parties in D.C. and their addiction to spending. In fact, your argument here doesn't line up with your original post. You your self admit no one knows or can even tell you what the fed is or does. Why would the fed be looking for populist sugar highs or political points? If that was the case it would slash rates down to 0% right now.
"Your battle on "supply constrained" economies accelerated in 1993 with the appointment of Al Gore - Executive Order 12866." The Board of Governors doesn't sign executive orders. Politicians do. Pick a lane here. Unless you now agree that politicians did cause supply constrained economics.
Unfortunately, it’s going to kill some folks who are still living on a fixed income and saving dollars. Stay positive.
Stop Blaming the Fed. Start Holding Populists Accountable.
Every time someone blames the Federal Reserve for our current economic mess, they’re letting the real culprits off the hook, populist politicians who spent recklessly, distorted supply, and then pointed fingers when inflation predictably exploded.
From Trump’s massive COVID handouts to AOC/Mamdani-style “just print more” rhetoric, the game has been the same: shovel money into a supply constrained economy, then feign shock when prices soar.
Let’s be real, the Fed didn’t vote for $6 trillion in stimulus, congress did.
The Fed did not shut down supply chains without a plan to rebuild them.
The Fed did not bail out megabanks while letting productive investment rot.
The Fed does not keep approving populist sugar highs for political points.
"The Fed did not shut down supply chains without a plan to rebuild them."
No, but the Fed did print trillions of dollars and had the gall to blame supply chains - when there is now ample evidence that adding 40% of all dollars in existence out of thin air via QE is what really drove inflation...
"The Fed did not bail out megabanks while letting productive investment rot."
Yes they did. In fact, productive investment has been stagnating since we left the gold standard and the Fed became the de facto central bank for the world.
"The Fed does not keep approving populist sugar highs for political points."
You're aware of what Quantitative Easing is right?
Your battle on "supply constrained" economies accelerated in 1993 with the appointment of Al Gore - Executive Order 12866.
https://themoneyprinter.substack.com/p/postcards-1993-part-four-executive
If you don't see that the primary source of inflation is and has always been money printing... I don't know what to tell you...
The federal government will spend almost $7 trillion this year with a deficit of almost $2 trillion. But the acknowledging that would mean accepting the fact populist politicians have a problem.
“The Fed added 40% of the money supply.”
Yeah, to offset the firehose of Congressional spending. QE didn’t cause $1,400 checks, PPP fraud, or multi-trillion-dollar infrastructure fantasies. Congress did. The Fed responded to political choices, not the other way around.
"The Fed bailed out megabanks."
Yes, but only after Congress deregulated them, guaranteed their survival, and built a too-big-to-fail system. The real enablers were legislative: repeal of Glass-Steagall, the Commodities Futures Modernization Act, and endless fiscal backstops. Congress delegated its authority to the fed after it blew up the economy. You brought up that these radical populist get elected as the results of bailouts. Congresses passage of Emergency Economic Stabilization Act, in which the taxpayer bailed out multibillion dollar banks and other companies is a large played a huge part in sweeping Dems into power in 2008.
The fed seeking quantitative easing is not it searching for populist sugar highs or political points. Its reactionary to the recklessness of political parties in D.C. and their addiction to spending. In fact, your argument here doesn't line up with your original post. You your self admit no one knows or can even tell you what the fed is or does. Why would the fed be looking for populist sugar highs or political points? If that was the case it would slash rates down to 0% right now.
"Your battle on "supply constrained" economies accelerated in 1993 with the appointment of Al Gore - Executive Order 12866." The Board of Governors doesn't sign executive orders. Politicians do. Pick a lane here. Unless you now agree that politicians did cause supply constrained economics.
BTFP isn't a bank bailout?
Love that you didn't mention the "B" word once... pretty cool. Great post, thank you!
This is the clear, concise message that needs to be heard by everyone. Great work!
While capitalism may have died in 2008, inevitable death was initiated in 1913. The bigger question is, when is the funeral?