2. While worrisome (more explained later), the lack of independence of the Federal Reserve under the Trump administration would not be unique. This has happened several times over the history of the Fed. A good read is Meltzer’s [A History of the Fed](https://press.uchicago.edu/ucp/books/book/chicago/H/bo6887672.html). It is multiple volumes, and is a dry read.
3. Meltzer makes the case that the lack of monetary authority independence from the President has led to worse monetary policy, and therefore worse economic outcomes. One example would be stagflation, or unjustified lowered rates that accelerated inflation.
SnailSlimer2000 on
In a way I hope Trump just speedruns all his problems so people feels the idiocy fast, in hope that by next election no more stupid bullshit instead of prolonging these kinds of policies for another 10-20 years.
2 Comments
1. [Gift Link for the free riders.](https://www.wsj.com/economy/central-banking/whoever-trump-picks-the-next-fed-chair-wont-be-independent-c8a79ead?st=pdjju9&reflink=desktopwebshare_permalink)
2. While worrisome (more explained later), the lack of independence of the Federal Reserve under the Trump administration would not be unique. This has happened several times over the history of the Fed. A good read is Meltzer’s [A History of the Fed](https://press.uchicago.edu/ucp/books/book/chicago/H/bo6887672.html). It is multiple volumes, and is a dry read.
3. Meltzer makes the case that the lack of monetary authority independence from the President has led to worse monetary policy, and therefore worse economic outcomes. One example would be stagflation, or unjustified lowered rates that accelerated inflation.
In a way I hope Trump just speedruns all his problems so people feels the idiocy fast, in hope that by next election no more stupid bullshit instead of prolonging these kinds of policies for another 10-20 years.