One of the biggest lies to come out of Washington is that the Federal Reserve is “independent” of politics. Ha, ha, ha, ha, ha, ha, ha, ha! As Milton Friedman used to say, a government institution that is independent of politics is as likely as a barking cat. Not only is the Fed NOT independent of politics, it is not even independent of the Democrat party. In the latest election cycle Fed bureaucrats gave more than ten times more to Democrat candidates than to Republican candidates ($520,000 to 51,000). An Independent Review article published a few years ago revealed that on the Fed’s Board of Governors staff there were 97 Democrats and 2 Republicans. Among the leadership positions on the Board there were 45 Democrats and 1 Republican. Its research is increasingly about “climate change” and “diversity, equity, and inclusion,” the latest deceptive euphemism for socialism.
It’s time to end the Fed.
2:37 pm on November 11, 2024
