The Fed is not independent, has never been independent, and it shouldn’t be.

“Oh the federal reserve has basically no accountability to the people of the country through our democratic institutions and that’s a good thing actually!” -Average Democratic Institution Enjoyer

Obviously what Trump wants is bad but that doesn’t mean the Fed shouldn’t be controlled by the government! “Don’t let that guy drive!” is not the same as “Cars shouldn’t have steering wheels!”

It’s pathetic hearing various servants of capital (eg. npr) continually insist that the fed is “independent”.

From the 2008 crash to the pandemic, its primary aim has been to protect the interests of the wealthy.

Uh…no, not just from 2008, from its creation that has been its primary function.

While Donald Trump’s attacks on the Fed are deeply authoritarian

But if the FED is an institution that just serves the interests of the wealthy, how is attacking it and trying to subordinate it under an ostensibly (and i really have to stress that word, because this is the libs’ own framing) democratically elected government a bad thing? How is that “authoritarian”?

Also, notice yet again libs throwing around their favorite meaningless buzzword, “authoritarian”. There are so many accurate negative terms that you can call Trump that actually mean something, but of course libs go with the one that is so vague and so overused that it has zero informational value.

“Authoritarian” really does just mean “when government does things i don’t like”.

I don’t want to be super uncharitable, but it’s kinda hard for me to treat “Person discovers things that have been true since the start of capitalism” as something new.

Please balkanize, kthanks.