the 1830s wasn't the “right time” to destroy the central bank either, but thats only because there is literally never a “right time”, but in the 1830s they did it, and they did so skillfully and with well designed replacements that performed what people actually wanted from it even better. Given how rarely an opportunity presents itself to do so, any time there is an opportunity is the closest your going to get to a "right time"
'just now got around to listening to your podcast with Luongo. It had been a long time since I considered LIBOR's role in general and I had never considered its importance to the Davos crowd. Wow. That was a big deal re-invigorating SFOR and it received no coverage I saw in the general interest press.
This is going to be "fun" to watch. Congress is worse than useless, they're an impediment due to a combination of sloth, ignorance, careerism and what amounts to abdication of their Constitutional role for decades. It will be an executive onslaught; 'got my fingers crossed.
Caught this on Spotify yesterday and was wondering if you'd post it here. Great talk!
the 1830s wasn't the “right time” to destroy the central bank either, but thats only because there is literally never a “right time”, but in the 1830s they did it, and they did so skillfully and with well designed replacements that performed what people actually wanted from it even better. Given how rarely an opportunity presents itself to do so, any time there is an opportunity is the closest your going to get to a "right time"
'just now got around to listening to your podcast with Luongo. It had been a long time since I considered LIBOR's role in general and I had never considered its importance to the Davos crowd. Wow. That was a big deal re-invigorating SFOR and it received no coverage I saw in the general interest press.
This is going to be "fun" to watch. Congress is worse than useless, they're an impediment due to a combination of sloth, ignorance, careerism and what amounts to abdication of their Constitutional role for decades. It will be an executive onslaught; 'got my fingers crossed.
It would be more plausible to defend the Federal Reserve if Jay Powell were just a smidgen closer to anything resembling competence.
He isn't, so I still lean very heavily towards abolishing the Federal Reserve. It's unconstitutional and ultimately not fit for purpose.
https://newsletter.allfactsmatter.us/p/the-fed-cut-the-federal-funds-rate