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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Author: wzambon ✶❂🐝 HONORARY
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Number: of 86281 
Subject: Re: Trump and the economy
Date: 10/28/24 8:52 PM
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Ges-

I heard that tonight while cooking dinner. Kai Ryssdal made a great case for keeping the fed independent and out of the hands of politicians.

It made me wonder why so many libertarians of ten years ago now support Trump.

My son in law is libertarian, though not a Trumper by any stretch. For him, the fed is the root of all evil (his words) and should be abolished- not put under the direction of a president who would raise or lower interest rates, depending on which way the political wind was blowing, as Trump has indicated he wants to do on several occasions.

At least with an independent fed, the fed governors do a credible, though imperfect job of managing interest rates based on economic data rather that political polling data.
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This community has written 86,214 posts about US Policy. The article-length ones it recommended most:
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Fascism in America · 27 recs · 2025
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