For interviews, speaking engagements, and bookings, inquire at info@christopherscottshow.com


Copyright 2019

Trump Calls Out Fed

July 31, 2018


Trump rightly calls out Federal Reserve for fearing prosperity


Lord, will we ever be free of the idiotic “Phillips Curve” notion that prosperity causes inflation? That’s basically what Donald Trump was fuming about when he stated that he was "not happy" with the Federal Reserve’s interest rate hikes.


The entire economic establishment hyperventilated over this supposed violation of “Fed independence.” But the public considers the president to be our economic CEO, and everyone now calls this “Trump’s economy.” So why shouldn’t he call out Fed chairman Jay Powell when he thinks the central bank is wrong?


In this particular case, Trump may be right and Powell wrong. The Fed keeps saying that the economy is "strong enough" to endure higher interest rates. Maybe so, but the fact that you are strong enough to survive hitting yourself in the head with a hammer is not a reason to do it.


Read the Full Article


Share on Facebook
Share on Twitter
Please reload

Featured Posts

Whatever your view is on abortion I promise this is going to make you think

August 30, 2018

Please reload

Recent Posts

April 30, 2019