Politics and the Fed

It happened one summer
It happened one time
It happened forever
For a short time
--The Motel

One of the greatest farces of modern economics and finance is that the central bank of the United States, the Federal Reserve, is apolitical. That is why recent comments by presidential candidate Donald Trump, despite his many shortcomings, are so refreshing. It also explains the reaction to his comments from all supporters of the State (here and here for example).

Rival presidential candidate Hillary Clinton had this to say about Trump's remarks:

"You should not be commenting on Fed actions when you are either running for president or you are president."

Completely consistent with the narrative, i.e., the charade of independence, promulgated by statists.

Trump, of course, may not be serious. Moreover, I see no way that a President Trump could enact his seriously troubled economic policies without the Fed being his 'partner in government' has it has been for nearly every president in the past century.

But his comments, genuine or not, are spot on. Hopefully, they have opened a few more eyes and motivated a few more questions in the past week.