This is encouraging news!
The best thing GOP candidates can do is become economically literate enough to be able to articulate to voters why the central bank has to go so that we can return to sound money. The case desperately needs to be made that capitalism hasn’t failed, centrally planned monetary policy has failed.
The Fed’s perpetual inflation fuels the creation of bubbles, which eventually must burst, usually (as was the case recently with real estate) causing systemic economic chaos. Not to mention that it’s the Fed’s ability to create money out of thin air that has enabled the out of control growth of FedGov.
This is THE winning issue for the GOP, and the path back to a constitutional Republic, but only if they understand it well enough to articulate it and can defend it against the mainstream.
It’s a high mountain to climb, but it’s encouraging that they seem to be starting the journey.
This is encouraging to me as well. I have wanted the GOP to actually say WHY free markets are better than central planning, not THAT they are better for a long time now.
I think people seriously misunderstand what capitalism is. It isn’t so much a policy so much as it is a lack of a policy, that is letting people interact as they see fit in the marketplace with government acting as the agent that prevents fraud, crime, murder, embezzlement, etc. and protects contracts and property rights.
Capitalism is most certainly not state supported monopolies, price and wage controls, centrally managed money and credit, protective tariffs, heavy regulation and taxation, redistribution based on egalitarianism, etc. And
Capitalism most certainly is not consumerism to the extremes we have seen it. Consumption is only made possible by savings, investment, and production all of which the market determines most efficiently based on consumer preferences, profit and loss, price system, etc. Sure we can live off debt and inflation for a while, but this in no way constitutes a sound, healthy, sustainable, or productive economy.