President Trump and Vice President Vance are demanding that the Federal Reserve lower interest rates to create a false boom in the economy that would inevitably go bust and lead to a downturn, but probably not until after they’re safely out of office.
“The president has been saying this for a while, but it's even more clear: the refusal by the Fed to cut rates is monetary malpractice.” - Vice President J.D. Vance
“CPI JUST OUT. GREAT NUMBERS! FED SHOULD LOWER ONE FULL POINT. WOULD PAY MUCH LESS INTEREST ON DEBT COMING DUE. SO IMPORTANT!!!” - President Donald J. Trump
My response to Vance on X did not go what anyone would call viral, but certainly is one of my biggest tweets ever leading to almost 20 new followers in a few hours.
“Artificially manipulating interest rates at all is counterfeit and theft. That’s what you’re advocating.”
The Austrian School of economics teaches us, to put it simply, that keeping interest rates artificially low creates money out of thin air and devalues the currency which is the cause of price inflation throughout the economy, and, worse, leads to malinvestments that create an artificial boom in the economy that inevitably goes bust leading to a recession.
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