The FED sets monetary policy, not fiscal/tax policy. Perhaps you don’t understand the difference.
The FED sets monetary policy, not fiscal/tax policy. Perhaps you don’t understand the difference.I thought the Fairtax would lower interest rates 25%...How, without the FED.
Besides every Fairtax economist tries to predict what the FED would do if the Fairtax was passed. They're all inter-related, you just don't understand how.
BTW, what about the transition for 50 states to start administering an unknown tax plan? What did you think they'll do, just turn their shirts inside-out and change their hats and badges?