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| Charlie Munger |
In the interview, Munger put into perspective Trump’s efforts to pressure Federal Reserve Chairman Jerome Powell on interest rates.
“I think presidents have always done this,” Munger said.
But he went on to rebuke Trump’s call that the Fed lower interest rates (which involves printing more money).
“If you're a politician in a democracy, of course, ou want people to print money and spend it,” Munger says. “And of course, it's not a good idea.”
-RW
Yeah, this plutocrat obviously wants to preserve the privilege of his bankster gang to run the US to their own benefit, unhampered by the choice of hoi polloi.
ReplyDeleteThis is not about inflation, it's about who is controlling when it happens - and, therefore, who will be able to front-run it.
A propos... why do these reptiloids live so long? Must be something related to lower metabolism. Like turtles or something. Or maybe it's parabiosis.