“It’s also worth noting that #Warsh has been extremely caustic, condemnatory and insulting about the Federal Reserve’s track record. But during the biggest, most consequential #monetary debate of modern times, Warsh got it totally wrong …” #Fed open.substack.com/pub/paulkrug...
Kevin Warsh and Weathervane Ec...
#monetary
@AlexanderKingsbury
I appreciate your comments.
I’m not an economist so my reply will not be based on economic theory. Instead, I will just express an opinion.
1) when I use #UnfettedCapitalism I really refers to #Regan/ #Thacher economic policy of letting the markets decide what is best for the economy. This has allowed tax havens, consolidation of corporations and enterprises (the big gobbling up the small), reduced competition, greedflation (the pursuit of profits above all other considerations) and the abusive enrichment of a few billionaires given them the power that we are now confronted with.
2) I have no problem with #capitalism which refes to the legal accumulation of wealth by individuals (corporations are legally considered individuals) provided there are ‘limits’ to it. Hence progressive regulations and legislations from govt to ensure a fair and equitable redistribution of wealth as adequate support for required social services (#health, #housing, #transport, and probably a #UBI). And an end to #StateCapture by private enterprises.
3) My akward description of socially responsible economic regulations and policies described as prices chasing wages merely means that society ought not to be forced into a situation where they cannot lodge, feed, educate or look after their health under any circumstances. This can be achieved through progressive #monetary and #fiscal policies as well as tighter regulations of ‘markets’ (we’ve done it before, we can do it again). At the extreme end of the scale, price controls via regulation can be put in place along with, or instead of, profit controls through tax regimes.
4) the good news comes from a society finally realising that capitalism is not an evil if it is tightly controlled (that goes for most, if not all, regimes you can think of). The degree of control depends on the structure of power and differs in each case (social democracy, oligarchy, communism/socialism, theocracy, fascism, etc…) Control is a no brainer, the solution lies in our own individual hands which can exercise invincible power as long as we all act as one using whatever means are approrpiate to topple a regime (economic or political).
I hope this clarifies my last toot for you.
@ProgressivePower the core problem is the #monetary #monopoly got some ideas who is in?
#doodle
Arresting the #Fed chair for prices rising is peak loanable-funds thinking.
In other words:
Threatening the #Fed over rates reveals the deeper problem: we still pretend #inflation is a #monetary crime.
Fed's Powell says #Trump admin has threatened him with a #criminal #indictment
The Trump admin has threatened to indict #FederalReserve Chair #JeromePowell over Congressional testimony he gave last summer about a Fed building project, an action Powell called a "pretext" to gain more “influence” over the #CentralBank & #monetary #policy.
#law #economy #independence #autocracy #despotism #dictatorship #tyranny #recession #trumpcession
https://www.reuters.com/business/finance/feds-powell-says-administration-has-threatened-criminal-indictment-over-his-2026-01-12/?utm_source=braze&utm_medium=notifications&utm_campaign=2025_engagement
Aurore Lalucq, MEP : "Quand vous payez, vous payez américain."
Welcome Bulgaria to the eurozone by adopting the euro (€) as your official currency on 1 January, 2026! With the adoption of euro by Bulgaria, the eurozone has now increased from 20 to 21 countries. 🇧🇬💶🇪🇺
#bulgaria #България #euro #eurozone #eurosystem #eurogroup #europe #europeanunion #eu #european #europeans #monetary #currency #legaltender #monetaryunion #currencyunion #economics #economy #money
#Japan hikes rates – #Yen weakens
#IMF’s Enduring Bias
A #monetary transmission issue, not a #fiscal one.
https://acemaxxanalytics.substack.com/p/japan-hikes-rates-yen-weakens
Reserve Bank Governor says there is no preset course for monetary policy after Westpac hikes interest rates
She declined the opportunity to explicitly talk the …
#NewsBeep #News #Headlines #after #ago #anna #bank #breman #cash #central #conditions #course #cutting #financial #following #for #fortnight #governor #hikes #impact #interest #is #monetary #monitoring #NewZealand #no. #NZ #official #Policy #preset #rate #rates #reserve #says #there #tightening #Westpac
https://www.newsbeep.com/299716/
The Monetary Goals of novaTopFlex (for now…)
As of November 4, 2025, the monetary goals of novaTopFlex have not officially started. The goals of the novaTop site are only a subset of the ultimate goals of the monetary goals, but further monetary goals require gaining at least one thousand subscribers on YouTube. Three YouTube channels exist in association with novaTopFlex, with the novaTopFlex site often being the chief site for the situation.https://novatopflex.wordpress.com/2025/11/04/the-monetary-goals-of-novatopflex-for-now/
@GunterFehlinger says #Somaliland deserves #EU #Recognition now. After 33 years of democratic success, it's time to anchor this #RedSea ally with #European Partnership Package, including #trade, #monetary #stability, & #Infrastructure #Investment.
https://saxafimedia.com/european-leaders-recognize-somaliland-ally/
@ChrisMayLA6 I'm not sure about it being a "much bigger" factor. #Fiscal #policy does have an impact, & I'm inclined to believe it's greater than that of #monetary policy. It's also very clear that, in the absence of any intention to reverse #Brexit, #Labour will be imposing further #austerity on the most vulnerable members of our #society, which is the exact opposite of what the #LabourParty ought to be doing.
" #Monetary #Commons Intro Video "
"At a time Donald Trump, Big Tech and Wall Street deploy stablecoins to privatise the dollar, usurping the #decentralising power of #blockchain to enrich themselves ..., here is an alternative use of blockchain that harnesses its decentralising powers to benefit everyone equally – to pay everyone a substantial, non-inflationary, basic #dividend – without the need to tax or borrow.
FOR MORE [INFO] ... VISIT monetarycommons.com"
Sometimes I forget to #breath, and my body is like Hey Take A Breath So You Can Live, and much in the same way I get how you could Forget that this #disabled man existing in #poverty Desperately Needs Your #Financial Support so that I can simply Live beyond having to struggle beyond my suffering, Your #Monetary Support is much like a Breath of fresh air, enabling me to have #food to eat, shelter to reside in, clothing to wear, personal hygiene supplies to keep myself clean, and so much more so please before my system crashes any further please help me breath a sigh of relief through your generous compassion right now; $5-10-15 It All Helps This #disabled Man Living In #poverty, via #cashapp at $woctxphotog or via #paypal at paypal.com/donate?campaign_id=… #food, #groceries, #health, #compassion, #life, #help, #hygiene, #mentalhealth, #anxiety, #ptsd, #bipolar, #mutualaid
Why the New Dark Ages Will Be Worse Than the Last.
From Greg M #newsystem #tokenization #privatize #monetary #DigitalIDSystem
https://youtu.be/DlgT7pidU4M
Fed helpless as US economy faces structural challenges, not monetary
https://www.bancreek.com/p/demise-of-dynamic-duo/
#HackerNews #Fed #Helpless #US #Economy #Structural #Challenges #Monetary #Policy
https://theconversation.com/how-the-trump-administration-changed-the-rules-of-international-diplomacy-by-a-former-british-ambassador-264053. There will be much shedding of tears before #Trump is finished - &, in all probability, another #worldwar. That is why we had an "international rules-based order" in the first place - precisely in order to avoid one. Doing away with it, & returning to "great power" rivalry, makes war inevitable, especially when it's combined with #Trump's reckless #economic & #monetary #policies.
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