The decent macronauts plain won't turn on the FED
The fools
The FED has no business playing an independent role
A peoples FED would look nothing like what we got
A peoples FED would have only one purpose
Financial repression
That would be
it's raison d'être
That and sinking any forex uprising that endangered trade balance
Keeping nominal interest rates low
Not inflation control
Inflation control needs it's own outfit
The price administration supervising and injecting or removing warrants
From the mark up warrant exchange
