Trump pretending to be mad at Powell. It’s all Theater

That image is highly misleading because it promotes a dangerous economic misunderstanding, even if you're not a fan of the fiat system.

The core issue is the "apples-to-oranges" comparison. Pointing to Switzerland or Japan as a model for US interest rates completely ignores their vastly different economic contexts:

* Japan: For decades, Japan has been battling deflation (falling prices) and economic stagnation. Their goal with near-zero interest rates is to stimulate the economy and encourage spending—the exact opposite of what the US needed.

* Switzerland: The Swiss economy is very different and often faces low inflation or deflationary pressures due to a strong currency. It doesn't require the same aggressive "braking" that the US economy needed when inflation was running hot.

The US Federal Reserve was raising rates for one simple reason: to combat the highest inflation in 40 years. In any conventional economic model, cutting rates to zero during a period of high inflation would be like pouring gasoline on a fire. It would have likely triggered hyperinflation and destroyed the value of people's savings.

So, while one can criticize the entire fiat system and the actions of central banks, the logic in that picture is flawed even within that system's own rules. It’s not a valid critique; it’s just ignoring the fundamental problem (inflation) that the rates were meant to address.

Bitcoin fixes this, but don’t be a naive person that trust every words that orange dude said. #Nostr