{"id":2015824,"date":"2023-08-29T17:08:02","date_gmt":"2023-08-29T21:08:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/stop-depending-on-the-fed-to-save-the-day\/"},"modified":"2023-08-29T17:10:05","modified_gmt":"2023-08-29T21:10:05","slug":"stop-depending-on-the-fed-to-save-the-day","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/stop-depending-on-the-fed-to-save-the-day\/","title":{"rendered":"Don&#8217;t rely on the Fed for salvation."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fstop-depending-on-the-fed-to-save-the-day%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2015824&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>The \u2062Problem with Central Banking<\/h2>\n<p><span style=\"font-weight: 400\">It&#8217;s no secret that our\u2064 entire economy is controlled\u200b by a small group of individuals who \u200doversee\u200c the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dogecoin-rallies-after-launching-on-coinebase-pro-dogefather-elon-musk-retweets-inevitable-meme\/\" title=\"Dogecoin Rallies After Launching On Coinebase Pro, \u2018Dogefather\u2019 Elon Musk Retweets \u2018Inevitable\u2019 Meme\">global financial system<\/a>. This concentration of power within \u200bcentral banks\u200b is not only concerning, but also deeply troubling.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In the past, the gold standard prevented bureaucratic\u200c &#8220;experts&#8221; from manipulating our economy. However, the current system of incentives is flawed. The Federal Reserve, for instance, is tasked with the responsibility of maintaining low \u2063inflation and high employment. This used to be the job of legislatures, but now it&#8217;s in the hands of central bankers.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Over the weekend, Federal \u200bReserve \u2062Chairman Jerome Powell addressed concerns about inflation\u200b and interest rates. Many fear that raising interest rates will hinder lending and potentially lead us into a recession. Powell stated that the\u2063 inflation\u2063 target is 2%, which is \u2063problematic. Over time, a 2% inflation rate accumulates to 100%, making everything more expensive. This deliberate inflation to stimulate consumer spending is not\u2063 only shameful, but it also fails to \u2063generate real innovation.<\/span><\/p>\n<h3>The Importance of\u2064 Investment and Innovation<\/h3>\n<p><span style=\"font-weight: 400\">True innovation \u2064comes from investment and research \u2062and development, not\u2064 from mindless consumer spending. Buying an extra hamburger \u2062today won&#8217;t lead to groundbreaking products or \u2063services that improve our \u2063lives.<\/span><\/p>\n<h4><a href=\"https:\/\/www.dailywire.com\/show\/the-ben-shapiro-show\" target=\"_blank\" rel=\"noopener\">WATCH: The Ben Shapiro Show<\/a><\/h4>\n<p><span style=\"font-weight: 400\">Powell&#8217;s guidance on inflation and interest rates can be summarized as uncertainty. The fact that we rely on a group of central bankers \u2062to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/brazils-bolsonaro-releases-ministers-in-move-to-bolster-re-election-bid\/\" title=\"Brazil\u2019s Bolsonaro releases ministers in move to bolster re-election bid\">make crucial decisions<\/a> about our financial future is\u200c absurd. We should not be left guessing \u200cand analyzing their every move.<\/span><\/p>\n<p><span style=\"font-weight: 400\">There is\u2062 a natural rate \u2064of inflation and interest that\u200c should be determined\u2064 by market\u200d forces, not by a\u200b centralized authority. It&#8217;s ironic that those who advocate for free market principles in other areas of\u200d the economy believe that a select group of individuals should control the\u2063 price of debt. This <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/stop-depending-on-the-fed-to-save-the-day\/\" title=\"Don't rely on the Fed for salvation.\">flawed system creates perverse \u200cincentives<\/a> for legislators to spend recklessly, \u2064expecting the Federal Reserve to fix any resulting problems.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The lack of transparency and accountability\u200d in the Federal Reserve&#8217;s decision-making process is concerning. As investors, we have no say in the matter and are left waiting for Powell&#8217;s next move. The fact that there isn&#8217;t more public outcry \u200dabout the excessive power of central\u200c banks is baffling,\u2062 especially\u2063 considering their track record of incompetence.<\/span><\/p>\n<p><span style=\"font-weight: 400\">It&#8217;s important to remember that when a small group\u2062 of so-called\u2064 experts claim to \u2062have all\u200d the answers, they rarely do. We need to\u200d question and challenge \u200dthe authority and influence of central banks in order to\u200c create\u2064 a more transparent and accountable financial system.<\/span><\/p>\n<p><a href=\"https:\/\/onelink.to\/dwapp\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">CLICK HERE TO GET \u200dTHE \u200bDAILY WIRE APP<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>controls the entire economy through central banking, which is run by a small group of individuals. This concentration of power is appalling, as the gold standard used to prevent such control by bureaucrats. The incentive system in place is particularly flawed and detrimental. The Federal Reserve&#8217;s influence is concerning.<\/p>\n","protected":false},"author":161,"featured_media":2015825,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[],"class_list":["post-2015824","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2015824","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/161"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2015824"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2015824\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2015825"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2015824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2015824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2015824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}