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The Supreme Courtโ€™s โ€œThe Federal Reserve is a uniquely structured, quasi-private entity that follows in the distinct historical tradition of the First and Second Banks of the United States." t-shirt has people asking a lot of questions already answered by its shirt.
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David Watson ๐Ÿฅ‘
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They have a point. I cannot think of another federal agency thatโ€™s composed of 19 principals scattered across the country that vote by annual rotation. And itโ€™s over 111 years old yet no other agency has been designed similarly since.
Iโ€™d pay to hear you and Tracy do a 15 hour long form read through with commentary on the creature from Jekyll island
Powell is so good, the best appointment Trump ever made and its not even close. Well maybe except Tillerson, Pompeo and Pence...
Powell Trump beef is just a kayfabe. Itโ€™s the monetary policy equivalent of Monday night Raw. Itโ€™s not real.
This ruling implies that the Supreme Court has created two kings who are above the rule law - - The President whenever saying "Official Act!" (or possibly just one specific President) - Jerome Powell (specifically him)
Lawyers are so cool. "Oh well this one is totally different, totally unrelated to the fact that I'm worried about my stock portfolio blowing up if you touch this one, you just need to look at the history and uh, "
This basically says, we don't like independent agencies, but maybe the Fed is exempt. Absolutely retarded decision.
Great legal minds. The Fed's different because it's the Fed. Can't argue with that