'Rather than listen to Warren, who would happily tank Biden's reelection odds if it gave her a second shot at the Oval Office, Biden should consider his oldest living predecessor...then-President Jimmy Carter,' TianaTheFirst writes.
Despite inflation initially falling from the near double digits last June through the end of the year, inflation is three times higher than what the Federal Reserve considers acceptable, and it is evidently rising.
A certain class of progressives has considered the experiment of the past 15 years — from near-zero interest rates despite the longest bull market in history, quantitative easing doubling our money supply from 2008 to 2020 and then expanding it by another 41% from 2020 to March 2022 — a categorical success. Warren, a de facto adherent of Magical Modern Monetary Theory, believes that the Fed has not a dual mandate but a sole political job in pursuing the ephemeral goal of"full employment.
Rather than listen to Warren, who would happily tank Biden's reelection odds if it gave her a second shot at the Oval Office, Biden should consider his oldest living predecessor. During the worst of the stagflation of the '70s, then-President Jimmy Carter intentionally plucked Fed Chairman G. William Miller to run the Treasury Department, creating a crucial void, just as Biden has.
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