You’re asking why an average American thinks the chair of the chief reserve is a piece of shit?
Like, do you want some specific examples, or are you asking for broad strokes on why capitalism has been a wealth transfer to oligarchs for decades?
Super general so it applies to all the Fed tho:
The only reason inflation exists, is so that people are forced to invest. There will always be inflation because our economic system needs it to get regular Americans to invest, then the oligarchs can get it.
If $100 was worth $100 a decade from now, people would be stashing it under mattresses like a century ago. And overtime people would earn more, no more pay cuts disguised as aub-inflation raises.
Like…
I’m not trying to come off as a dick here, but I know it’s probably going to happen. It’s just honestly stunning to get that question about why someone could think even the best chair of the Federal Reserve we’ve had in the last century was still a giant piece of shit.
They’re not independent of the president to save us, the fed chair is independent to protect the oligarchs from unpredictable change while the rest of us get distracted by all the other changes that show up from alternating between neoliberals and Republicans
Powell’s a piece of shit, but anyone trump replaces him with would be 100x worse.
That doesn’t mean if we actually pull some FDR shit we should keep Powell, or any of his buddies tho.
What makes powell a POS?
…
You’re asking why an average American thinks the chair of the chief reserve is a piece of shit?
Like, do you want some specific examples, or are you asking for broad strokes on why capitalism has been a wealth transfer to oligarchs for decades?
Super general so it applies to all the Fed tho:
The only reason inflation exists, is so that people are forced to invest. There will always be inflation because our economic system needs it to get regular Americans to invest, then the oligarchs can get it.
If $100 was worth $100 a decade from now, people would be stashing it under mattresses like a century ago. And overtime people would earn more, no more pay cuts disguised as aub-inflation raises.
Like…
I’m not trying to come off as a dick here, but I know it’s probably going to happen. It’s just honestly stunning to get that question about why someone could think even the best chair of the Federal Reserve we’ve had in the last century was still a giant piece of shit.
They’re not independent of the president to save us, the fed chair is independent to protect the oligarchs from unpredictable change while the rest of us get distracted by all the other changes that show up from alternating between neoliberals and Republicans