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Fact of the matter is that organisations like the US Fed have too much unaccountable power, Trump or no Trump. It was only a matter of time before something lik
by paganel 1y ago
Fact of the matter is that organisations like the US Fed have too much unaccountable power, Trump or no Trump. It was only a matter of time before something like this was bound to happen, notice how no-one is out there in the streets protesting for the Fed's independence because not a single normal (voting) person cares about it.
- just-the-wrk 1y agoHow are those two claims coherent? They aren't obviously related
- pkoiralap 1y agoMy take on fed's unaccountable power is you can't and shouldn't do anything about it and keep it that way. Because if the fed does do a good job, the economy keeps floating just fine. On the contrary, if it doesn't, its just chaos and catastrophe, that benefits no one, including the fed. So in essence, the job is to prevent disaster. Personally, I think it is a super shitty job. Normal (voting) person is oblivious to both what the fed does and what will happen if the fed doesn't do it. All that a normal (voting) people care about, are numbers on price tags, and the fact that those numbers aren't as low as they used to be.
- righthand 1y agoBecause to the average person, Fed independence means affordable middle/lower class life. That is what people are protesting.