If you’re a younger person and you’re thinking you will never ever be able to buy your own home, why are you voting for Biden and his current regime of MMT tropes who have helped create these massively overpriced home prices?
At least 14 in this graph, and that’s probably conservative, are blue areas run by leftist democrat politicians.
This weekend’s WSJ ran a frontpage BS article, “Trump Allies Draw Up Plans
To Blunt Fed’s Independence,” about as laughable as it gets. If these high home prices you can’t afford have occurred during a period of the Fed’s so-called independence, you know the MSM BS is running deeper than deep.
This is more scare tactics like he is going to end your Social Security. What’s ending your social security is the reckless MMT spending, logging another trillion dollars of debt every 100 days.
That’s correct, every 100 days.
The first lie is, implied or otherwise, the Fed is not and has never been independent of politics. That’s standard garbage they love to peddle to the naive and innocent.
Another one is the shibboleth about bipartisan government.
One of the authors of this article is Nick Timiraos, also known as the Fed Whisperer, the guy the Fed leaks news through. That fact alone guarantees a certain amount of built-in BS.
Here’s a quote from the article.
“The discussions have alarmed some Trump advisers with more-traditional views of the role of the Fed, as well as Republican lawmakers. They worry that chiseling away at unwritten norms around keeping politics at arm’s length from Fed decisions could backfire, particularly if political interference leads investors to conclude that the central bank is willing to tolerate higher inflation.
“That could raise long-term interest rates, including rates on mortgages, credit cards and auto debt, when the U.S. government has to roll over trillions of dollars in debt annually. One former Trump administration official described the prospect of Trump’s influencing interest rates as a “horrifying thought.”
Pure BS. Who created the billions of current debts? Rolling over debt at the Fed and elsewhere is common. Been around for decades. The Fed is its own worst enemy and repeatedly tells the public they have to suck it up because of the Fed’s ongoing incompetence and mismanagement.
Recently, former Fed Chair and now Treasury Secretary, the pathetic Janet Yellen, apologized for misinterpreting the transitory BS, a fact that decimated millions of Americans.
Oh! Just apologize and keep screwing things up. Okay!
As for the Fed having to tolerate higher inflation rates, the real truth is it has no choice. The pooch has been screwed. The Fed is bankrupt. Thus, you see all the stalling and gibber gabbing going on also known as Fed speak.
The Fed is an archaic blackhole, one of the worst nightmares of the purchasing power of the public. The One-Party system is the absolute worst.