newenglandhodl on Nostr: Society asks incomplete questions that bitcoiners often reject the premise to. The ...
Society asks incomplete questions that bitcoiners often reject the premise to.
The questions “is the Fed independent” “can Trump fire the Fed chair” “who should control monetary policy” are the wrong questions to ask, or not getting to the core of the issue.
The reality is, monetary policy as it stands today is political power. It’s not about who controls the levers, it’s about the levers and the machine itself.
It’s about asking the questions that immediately gets you canceled or labeled a right wing nut in polite society.
Should the Fed even exist? The concentration of power in monetary policy creates an abusive relationship between said powers (whether it is the Fed as “independent” or the Fed as puppet for executive).
We should be relying on a transparent, open, rules-based system that’s predictable in nature. That is a much better and fairer system for money.
Published at
2026-01-12 15:24:56 UTCEvent JSON
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"content": "Society asks incomplete questions that bitcoiners often reject the premise to.\n\nThe questions “is the Fed independent” “can Trump fire the Fed chair” “who should control monetary policy” are the wrong questions to ask, or not getting to the core of the issue. \n\nThe reality is, monetary policy as it stands today is political power. It’s not about who controls the levers, it’s about the levers and the machine itself.\n\nIt’s about asking the questions that immediately gets you canceled or labeled a right wing nut in polite society.\n\nShould the Fed even exist? The concentration of power in monetary policy creates an abusive relationship between said powers (whether it is the Fed as “independent” or the Fed as puppet for executive). \n\nWe should be relying on a transparent, open, rules-based system that’s predictable in nature. That is a much better and fairer system for money. ",
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