The Federal Reserve Is Too Independent

The last few weeks have given us headlines many Americans never imagined they’d see. “Trump Embraces State Capitalism.” “Trump Is Making Socialism Great Again.” “Is MAGA going Marxist and Maoist?” For their part, various progressives are getting in on the action. An Obama administration official said, “Trump’s strong-arming Intel for gov’t equity is something Mao and Stalin would be proud of.” California Governor Gavin Newsom’s press team mocked Trump on X, sharing an AI image of Trump with the Soviet hammer and sickle behind him. The New Republic’s Timothy Noah pivoted in the other direction…

Speculation that Eric Adams was seriously mulling an end to his reelection campaign for mayor reached a fever pitch this week amid recent reporting that the Trump administration was discussing a potential role for Adams in the federal government in exchange for his exit. But in a fiery press conference on Friday evening, Adams insisted he’s staying in the race and took direct aim at his closest competitors, particularly former governor Andrew Cuomo – who he alleged was “a snake and a liar” – as well as Assemblymember Zohran Mamdani.

The public was also aggressively lied to about the danger of the virus-overwhelmingly, the only vulnerable parts of the population were the elderly, the obese, and the diabetic. We were lied to about the efficacy of “social distancing”-it was a made-up nostrum-and cloth masks.