Powell is an unqualified idiot. He is dishonest. Yes, there will be pain. Lots of pain, over and over again. Does anyone want honesty? Powell doesn’t have the testicular fortitude to be honest. He’s an ignorant pussy. The Fed can only do so much. It will take a concerted effort on multiple fronts to fix the economy. Powell won’t say that.
Powell won’t say that government spending needs to be massively slashed. As long as the government keeps spending the way it has, the Fed will have to print more money. That causes inflation. It negates any interest rate hike. Thus, we will have a cycle of spend and inflate for years if government spending Isn’t slashed.
Powell won’t say that regulations need to be massively reduced; almost totally eliminated. Lazy ass government employees that never had a real job and know zero about business should not be making regulations. They are not elected. They are worthless pieces of excrement that need to be unemployed. Their ignorance not only costs the taxpayer in term of having to pay their salaries, it also costs the consumer when purchasing any good or service. Regulations increase the cost of business operations. It reduces productivity. Regulations cause inflation.
Powell doesn’t have the guts to say that individual workers need to be more productive. When businesses have productive employees labor costs go down per unit of good or services produced. Increased supply over demand reduces inflation when the supply costs less than in the past.
Powell isn’t honest enough to call out the morons that do the bidding of a retarded teenage Swedish girl. There is zero sanity in our energy policy. Our energy policies cause inflation. Cheap domestic energy reduces the cost of every part of the supply chain. It makes every good and service less expensive.
Powell doesn’t have the intelligence to understand how tax policy causes inflation. The method which taxation forcibly confiscates money from hardworking Americans and business increases the cost of every good and service. Tax policy creates inflation. Very intelligent and skilled tax accountants and lawyers cost business billions just to comply with the tax code. Not only are business taxes passed on to consumers, but the massive expense to comply and file taxes. These accountants and lawyers could be better employed actually doing something productive. Their intelligence is being wasted to pay lazy ass government employees.
Powell has zero knowledge about foreign policy and the cost to the American economy. Forever wars and proxy wars that do not increase security cost trillions of dollars. Those trillions need to be printed by the Fed. That increases inflation. It actually makes Americans less safe.
Powell is so spineless that he won’t talk about the pain of ordinary Americans bare because the invasion of our southern border. Every single one of these wetbacks makes every facet of American life more expensive. Wetbacks cause inflation. They make schools mores expensive. They make healthcare more expensive. They make law enforcement more expensive. They make prisons more expensive. Wetbacks affect every aspect of the economy. Hardworking Americans pay for wetbacks.
Powell doesn’t have the experience, knowledge or the moral makeup to be honest and present the solutions needed to improve the American economy. Likewise, the entire Biden administration is clueless. The vast majority of Congress, Democrats and RINOs, have no idea what needs to be done. All of the above are worthless pieces of excrement and need to be unemployed. It time to punish the people responsible. Massive unemployment is the next result of their incompetence. Not a single lazy ass government employee will lose his job. It will be hardworking Americans that pay the bills for worthless government types and the deep state.
Powell isn’t by himself, he’s just the spokesman for a group of Fed governors. They all get input and a vote. And the Fed head is supposed to stay out of the govt’s lane. The president and congress are responsible for running the country and the FED does whatever it can with what it’s given, which has been triage for decades now.
Our job is similar, we deal with the hand we are dealt. Over the last 70 years that’s been a lot of good economic times and 9 recessions. Vaguely free economies like this one expand and contract on a regular basis, but few prepare for the contractions, which are the doors to the next set of good opportunities.
When we all finish griping about the FED and the govt we still have the same challenge in front of us, doing the best we can given the circumstances. The good part is, over the last 45 years that I’ve watched, there have been plenty of opportunities to prosper over time, thank goodness.
More good times are coming, it’s just going to take a little patience.
Outstanding post.