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Replying to Avatar mattaroo

How would Trump and his Treasury Secretary Scott Bessent end the Fed?

Reduce structural inflation by controlling the money supply from the Treasury (part of the executive branch and not politically independent or accountable directly to Congress).

Use stealth yield curve control to cap long-term interest rates and reduce the interest cost on the national debt.

Monetize the Treasury balance sheet by revaluing gold reserves (which Treasury leases to the Fed) and reducing anxiety about another US debt default

Reduce government spending by several trillion–back to pre-Covid levels–and cut the defense budget by 50%.

Spur GDP growth with dollar devaluation to boost exports and compensate for lower government spending (which contributes to nominal GDP figures)

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Chris 11mo ago

https://primal.net/e/note1l6dtmpxjazkttj8fwl8nmqyft6d5ln9f9k2rdqr9kedvmaykj3sqg7tckv

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