Fed: monetary policy.
Congress: fiscal policy.
Americans inability to control federal spending (fiscal policy) leads them to blame Fed policy (monetary policy).
I’m a fan of Austrian economics, but once you enter Keynesian economics, the Austrians have a responsibility to show the way out. They have not done that.
One of the first rules of power is that authority flows to those who accept responsibility. There is no one on the GOP side willing to take responsibility for the entire country’s economic mess. And that scares a lot of people- on the left.
Grow some balls, accept responsibility for those who have been hit hard by “free” trade, explain how it will work going forward (ie— why is unemployment insurance still a- public sector, and b- run at the state level?... privatize it, dammit! Make it nationwide thru private insurers).
GOP is a collection of pantywaists.
NO. Its a miracle there are even any fiscal conservatives left at all, when the Federal Reserve enables massive Government over-spending through debt-monetization, inflation and fake interest rates. Certainly, The Fed have turned Wall Street into a casino, and the American public (people who elect congressmen) believing Government will always give them a free lunch, paid for by someone else.