As Trump floats through a fantasy economy only he can see, Americans are crushed by prices, chaos, and a president too delusional to notice the country slipping beneath him
Remember when he said girls 👧 can go without barbies? He's always attacking females of any age. You never hear him say boys can go without their trucks or dinosaurs 🦕, or hot wheels, etc. He's a piece of shit. He needs to be removed and his entire fascist corrupt autocratic regime. They've all committed treason.
That's among all the other crimes he's committed in this term already here at home and internationally. Everyday he does something that convicts him for impeachment.
MAGA, the national economic statistics show that you folks are getting hit the most by Trump's inflation. We all know that everyone from time to time makes mistakes, are you ready to admit to this one, and do something in yours and your loved ones best interest? Please join the rest of the working class in calling for his impeachment before it worsens.
Have to keep fighting each day,, all day and every day...........
Look forward to the Trumpenburg Trials when Orange Hitler and his Nazi regime will face charges of treason, aiding the enemy, traitor, crimes against humaniy........the list is endless.
TacoTits is into sloppy seconds..........Melania was playing hide the wennie with Epstein before Cankles ended up with her.........Putin knows all this.....thats why Russian TV shows all the Melania lesbo-porn outakes .........as long as Bubba is around......or a a micophone needs a blow job...........
Price gouging was going on under Biden, but under Trump it's runaway. Seriously if you can find a place to buy food other than a corporate grocer, see the difference. Oh prices for many things will still be higher, but I can walk out of the store where my neighbors who immigrated here shop, and get $150 of food for $67. See what alternatives you have around you.
Prices are high for many reasons, like it isn't ranchers that set beef prices - it's corporate meat packers. But in general where I get produce I do well at my locally run store, because the people shopping there don't have a lot of spare change, and you haven't lived until you've head someone try to overcharge and their customers giving them hell in another language lol. Oh I'm still paying those tariffs on imported food, but it's not the price gouging I get at Kroger or Publix.
In the meantime, "Trump" negotiated a "peace deal" about Ukraine... WITHOUT Ukraine, and without all the countries of the coalition that is defending it.
Within four days from now, Ukraine needs to accept it, WITHOUT any negotiations, if not the US will allow the war to become much worse and let Putin, THE enemy of the free world, take huge chunks of Eastern Europe.
Here's how a foreign newspaper cartoon summed up the situation: Europe accepts Putin's peace deal, on the condition that it gives the US back to Europe.
His "deal" about Gaza was the same. Hamas wasn't involved, so there was the typical prisoner/hostages swap that they do over there once in a while, and that's it. Israel immediately continued the bombing, and now Hamas explicitly said that for them, nothing changed so there is no peace deal at all, they continue to fight back. Obviously.
Trump is BAD at deal making. It's all fake. Photo-ops is all he does.
He’s a narcissist who has to be the face of the news 24/7 lying his ass off. I read after Charlie Kirk’s death he was jealous of all the news coverage he was getting so he made up a bunch of lies to get the news back on him.
He isn't. Foreign newspapers have shown how the English of the Ukraine proposal is "off" and only makes sense if you assume it was literally translated from Russian.
So it's Putin who WROTE the damn thing, and then hired some lousy translators who translated it into English.
That's why it's just a document containing everything Putin ever wanted, and that's it.
There are no negotiations at all.
Trump simply sent Putin's document to Zelensky and that's it.
Europe now sent Trump its own proposal, so NOW the negotiations COULD begin (although I doubt Trump will be interested in doing so, and Putin is definitely not).
Really he is supposed to say thank you to Trump who is nothing but Putin’s puppet. Russia invaded Ukraine without provocation because murderous thug Putin wanted to start recreating the USSR - under himself of course. So
in what universe should Ukraine cede any territory to Russia. Only in the universe where Putin has dirt on a totally unfit corrupt president of the USA who in turn is blackmailing Zelensky.
Ukraine has denounced the bullshit peace deal in a speech by Zelensky at the EU, and in large scorned him for it, but Ukraine is standing strong against anything that takes their sovereignty and territory from them. In this week's reporting on Ukraine forces, Ukraine is taking it to Russian territory with huge successes. Blew up a huge underground munitions and communications facility behind Russian lines yesterday. Long live Ukraine.
I'm surprised Scott Bessent is not telling the people to get multiple roommates. He already said move to a Red state. This Administration has no clue what America is going through. People are skipping meals and sacrifices are being made to stay alive.
It's because he's a delusional psychopath. He's a compulsive liar and in complete denial. Unfit to remain as president. None of his administration is fit to run this country.
Fall Of Cheeto’s Arrogant Roman Empire Occurred From Within
In America this time the fall will be related to the very wealthy billionaires Part of this decline is the willingness of the Nazi billionaires through Cheeto to rig the elections so that the “other” people don’t have a say in governing And this fits perfectly what Cheeto and RFK Jr are saying in voicing the Nazi/GOP talking points The wealthy superior class and the King should dominate and rule the inferiors or unworthy working class Cheeto wants to rule over the people, not serve them
But let’s face it This has always been the “let them eat cake” attitude of the Nazi/GOP uberwealthy who have been drawn to control the masses People like Musk and his South African buddy Theil have advantaged themselves at the expense of the taxpayer but have this superiority complex that has always fit the Nazi/GOP talking points Cheeto lied to the electorate to get into office by telling them that “he was the savior for the working class” Remember his rust belt promises and then there was “bringing down prices on Day One”
The electorate bought his lies and now there’s liar remorse and has led to French Revolution 2.0 21st century American style Off with their Nazi/GOP heads!!! WE the People say
Even though he may never be arrested for his crimes, He will suffer. His Dementia will numb his understanding the Cruel hurt he has done. Nobody loves him. He will be hated for all time. That's Karma.
Stephen Miller tells DJT the facts , we know Donald doesn't read. Miller manufactures everything and gives the orders. I believe he ordered Epstein and Kirk to disappear.
He was working with Epstein to repair Epstein's image as a sex criminal before Epstein's arrest and knows information about the connection to tRump and others. He is in many video's talking with Epstein about saying tRump would be worried that they were talking to each other. Bannon is saying now that he and many others would be going to prison if Democrats take back control of congress. There is damming information coming out with the release of the Epstein files. People who crime together share exposure.
I'm confused Michael, you say inflation actually is down from last year under Biden. I've heard it's actually up another 3% since then...as in added to the existing inflation when Trump took over!
And what makes you say Thanksgiving is 5% cheaper than last year? Are you basing that on the misleading Walmart ad? Looks to me Thanksgiving is actually MORE this year compared to last year. Please tell me where you are getting your numbers/information from?
In June 2022, inflation was at 8.9% under Biden but by the time he left office it was 2.9%. Due to his policies that trickled into 2025, inflation got as low as 2.4% in May 2025. But then Trump's tariffs began to be infused into the economy so June and July were 2.7%, August was 2.9 and Sept was 3.0%. October is 2.96%. Prices for everyday goods increased 2.68% overall from same time last year.
The Fed likes to see inflation at around 2.00%. That is healthy growth without economy killing inflation.
Someone above mentioned that once prices are up, they rarely go down even when the underlying reason for the price increase goes away. In general, that's true because why lower the prices when you can make more money by keeping them the same when the wholesale price is now lower. Sometimes prices will drop, such as the price of eggs did once the bird flu thing improved.
the thanksgiving thing is something trump pulled out of his ass, stating that Walmarts 2025 Thanksgiving basket is cheaper than last year. What he fails to mention is last year the basket had 21 items that were all brand names. This year's basket has 14/15 items that are all Walmart generic brand.
Numbers are from US Inflation Calculator. These may not be exact since Trump has fired the people that normally do the calculations in an effort to hide the truth that inflation is NOT down.
I think he was saying that sarcastically, as team Trump is trying to claim, while everyone, even MAGA, knows the truth. One of the reasons we are seeing the gouging and price rise on certain goods, like the ones Michael mentioned, is due to the tarrifs and not necessarily normal inflation. So in effect, Trump is personally responsible for the rise in prices on many things, a new tax for us to pay.
There was something I read about that the prices have increased due to natural forces (some kind of blight or the like) but I can’t remember what it was…drat. However, other than that, the cause of prices rising are all trump caused, either his tariffs or his immigration policies. Tariffs directly by adding to the price. immigration will affect the price of fruits and veggies due to lack of workers, same with beef as meat processing is often done by illegals. Home building, landscaping, hotels, all are more expensive even though they are not subject to tariffs because workers have either been deported or are afraid to come to work.
They've been spreading this crooked message since someone whispered "trickle down economics" in Reagan's ear. Ronnie, known for being good at taking direction, repeated "trickle down economics" enough times that some fools actually believed it.
Many people are drawn to the hateful messaging, which really started under Gingrich and mushroomed into the Tea Party movement in 2009/2010. Trump saw an opportunity and seized on that hate, promoting and mushrooming a fringe birther conspiracy that was relegated to the craziest fringe of the far right, into mainstream media in 2011.
Ironically, the TEA party movement was supposedly "taxed enough already," but morphed into a general movement about government intervention in our lives. We know what the movement really was about (a black man in the WH) and all of these anti-tax, anti-govt types are now all MAGA and onboard with Trump's new taxes on us (tariffs) and his govt overreach on trying to control speech, books, sports (remember the NFL boycotts?) the beer we drink (bud light boycott,) our ability to get life saving vaccines, and now, even Tyenol.
Copied directly from Project 2025. Remember, the document that Traitor Trump never knew anything about, but his Executive Orders say something totally different. Which is why I have been saying he is a mushroom. His sycophants are feeding him horseshit and keeping him in the dark.
Page 736 — Mandate for Leadership: The Conservative Promise government deficits and pressure to print money to boost the economy artificially until the next election. Because both will always exist with self-interested politicians, the only permanent remedy is to take the monetary steering wheel out of the Federal Reserve’s hands and return it to the people. This could be done by abolishing the federal role in money altogether, allowing the use of commodity money, or embracing a strict monetary-policy rule to ward off political meddling. Of course, neither free banking nor a allowing commodity-backed money is currently being discussed, so we have formulated a menu of reforms. Each option involves trade-offs between how effectively it restrains the Federal Reserve and how difficult each policy would be to implement, both politically for Congress and economically in terms of disruption to existing financial institutions. We present these options in decreasing order of effectiveness against inflation and boom-and-bust recessionary cycles
page 735 736
Free Banking. In free banking, neither interest rates nor the supply of money is controlled by the government. The Federal Reserve is effectively abolished, and the Department of the Treasury largely limits itself to handling the government’s money. Regions of the U.S. actually had a similar system, known as the “Suffolk System,” from 1824 until the 1850s, and it minimized both inflation and economic disruption while allowing lending to flourish.23 Under free banking, banks typically issue liabilities (for example, checking accounts) denominated in dollars and backed by a valuable commodity. In the 19th century, this backing was commonly gold coins: Each dollar, for example, was defined as about 1/20 of an ounce of gold, redeemable on demand at the issuing bank. Today, we might expect most banks to back with gold, although some might prefer to back their notes with another currency or even by equities or other assets such as real estate. Competition would determine the right mix of assets in banks’ portfolios as backing for their liabilities
Commodity-Backed Money. For most of U.S. history, the dollar was defined in terms of both gold and silver. The problem was that when the legal price differed from the market price, the artificially undervalued currency would disappear from circulation. There were times, for instance, when this mechanism put the U.S. on a de facto silver standard. However, as a result, inflation was limited. Given this track record, restoring a gold standard retains some appeal among monetary reformers who do not wish to go so far as abolishing the Federal Reserve. Both the 2012 and 2016 GOP platforms urged the establishment of a commission to consider the feasibility of a return to the gold standard,27 and in October 2022, Representative Alexander Mooney (R–WV) introduced a bill to restore the gold standard.28
K-Percent Rule. Under this rule, proposed by Milton Friedman in 1960,31 the Federal Reserve would create money at a fixed rate—say 3 percent per year. By offering the inflation benefits of gold without the potential disruption to the financial system, a K-Percent Rule could be a more politically viable alternative to gold. The principal flaw is that unlike commodities, a K-Percent Rule is not fixed by physical costs: It could change according to political pressures or random economic fluctuations. Importantly, financial innovation could destabilize the market’s demand for liquidity, as happened with changes in consumer credit patterns in the 1970s. When this happens, a given K-Percent Rule that previously delivered stability could become destabilizing. In addition, monetary policy when —
739 — 2025 Presidential Transition Project Friedman proposed the K-Percent Rule was very different from monetary policy today. Adopting a K-Percent Rule would require considering what transitions need to take place
Inflation and Growth–Targeting Rules. Inflation and growth targeting is a popular proposal for reforming the Federal Reserve. Two of the most prominent versions of inflation and growth targeting are a Taylor Rule and Nominal GDP (NGDP) Targeting. Both offer similar costs and benefits. Economists generally believe that the economy’s long-term real growth trend is determined by non-monetary factors. The Fed’s job is to minimize fluctuations around that trend nominal growth rate. Speculative booms and destructive busts caused by swings in total spending should be avoided. NGDP targeting stabilizes total nominal spending directly. The Taylor Rule does so indirectly, operating through the federal funds rate. NGDP targeting keeps total nominal spending growth on a steady path. If the demand for money (liquidity) rises, the Fed meets it by increasing the money supply; if the demand for money falls, the Fed responds by reducing the money supply. This minimizes the effects of demand shocks on the economy. For example, if the long-run growth rate of the U.S. economy is 3 percent and the Fed has a 5 percent NGDP growth target, it expands the money supply enough to boost nominal income by 5 percent each year, which translates into 3 percent real growth and 2 percent inflation. How much money must be created each year depends on how fast money demand is growing. The Taylor Rule works similarly. It says the Fed should raise its policy rate when inflation and real output growth are above trend and lower its policy rate when inflation and real output growth are below trend. Whereas NGDP targeting focuses directly on stable demand as an outcome, the Taylor Rule focuses on the Fed’s more reliable policy levers. The problem with both rules is the knowledge burden they place on central bankers. These rules state that the Fed should neutralize demand shocks but not respond to supply shocks, which means that it should “see through” demand shocks by tolerating higher (or lower) inflation. In theory, this has much to recommend it. In practice, it can be very difficult to distinguish between demand-side.
Remember when he said girls 👧 can go without barbies? He's always attacking females of any age. You never hear him say boys can go without their trucks or dinosaurs 🦕, or hot wheels, etc. He's a piece of shit. He needs to be removed and his entire fascist corrupt autocratic regime. They've all committed treason.
They all need to go to prison for a VERY long time!
I think they will! Maybe not this year but it will happen. If we go to war with Venezuela he’ll be on the International list as a war criminal.
The entire regime needs to be prosecuted. They've committed so much crime in less than 11 months! Horrible pieces of shit.
Completely agree!
I think he already is for bombing fishing boats.
That's among all the other crimes he's committed in this term already here at home and internationally. Everyday he does something that convicts him for impeachment.
MAGA, the national economic statistics show that you folks are getting hit the most by Trump's inflation. We all know that everyone from time to time makes mistakes, are you ready to admit to this one, and do something in yours and your loved ones best interest? Please join the rest of the working class in calling for his impeachment before it worsens.
TacoTits keeps talking about execution...........did bubba put that into his head????
With him anything goes. He's demented.
Have to keep fighting each day,, all day and every day...........
Look forward to the Trumpenburg Trials when Orange Hitler and his Nazi regime will face charges of treason, aiding the enemy, traitor, crimes against humaniy........the list is endless.
no Bubba just told the blow queen trump to give him another blow job.
TacoTits is into sloppy seconds..........Melania was playing hide the wennie with Epstein before Cankles ended up with her.........Putin knows all this.....thats why Russian TV shows all the Melania lesbo-porn outakes .........as long as Bubba is around......or a a micophone needs a blow job...........
Price gouging was going on under Biden, but under Trump it's runaway. Seriously if you can find a place to buy food other than a corporate grocer, see the difference. Oh prices for many things will still be higher, but I can walk out of the store where my neighbors who immigrated here shop, and get $150 of food for $67. See what alternatives you have around you.
I shop at my local SharpShopper and buy eggs from a local farmer. I'm not seeing any lower prices
Prices are high for many reasons, like it isn't ranchers that set beef prices - it's corporate meat packers. But in general where I get produce I do well at my locally run store, because the people shopping there don't have a lot of spare change, and you haven't lived until you've head someone try to overcharge and their customers giving them hell in another language lol. Oh I'm still paying those tariffs on imported food, but it's not the price gouging I get at Kroger or Publix.
YUP. Thank you
I keep cheering for the Big Mac, Fries, and Diet Cokes to do their thing.
His Dementia food. More arteries clogging please.
In the meantime, "Trump" negotiated a "peace deal" about Ukraine... WITHOUT Ukraine, and without all the countries of the coalition that is defending it.
Within four days from now, Ukraine needs to accept it, WITHOUT any negotiations, if not the US will allow the war to become much worse and let Putin, THE enemy of the free world, take huge chunks of Eastern Europe.
Here's how a foreign newspaper cartoon summed up the situation: Europe accepts Putin's peace deal, on the condition that it gives the US back to Europe.
This has always confused me. How exactly does Trump negotiate peace deals without one of the parties to "the deal"?
It's simple: that means THERE IS NO DEAL.
His "deal" about Gaza was the same. Hamas wasn't involved, so there was the typical prisoner/hostages swap that they do over there once in a while, and that's it. Israel immediately continued the bombing, and now Hamas explicitly said that for them, nothing changed so there is no peace deal at all, they continue to fight back. Obviously.
Trump is BAD at deal making. It's all fake. Photo-ops is all he does.
Yes - he really is the worst offender of "fake news".
He’s a narcissist who has to be the face of the news 24/7 lying his ass off. I read after Charlie Kirk’s death he was jealous of all the news coverage he was getting so he made up a bunch of lies to get the news back on him.
Imagination! He doesn't live in the real world. .Miller feeds his fantasies!
He's still negotiating for Putin.
He isn't. Foreign newspapers have shown how the English of the Ukraine proposal is "off" and only makes sense if you assume it was literally translated from Russian.
So it's Putin who WROTE the damn thing, and then hired some lousy translators who translated it into English.
That's why it's just a document containing everything Putin ever wanted, and that's it.
There are no negotiations at all.
Trump simply sent Putin's document to Zelensky and that's it.
Europe now sent Trump its own proposal, so NOW the negotiations COULD begin (although I doubt Trump will be interested in doing so, and Putin is definitely not).
And Zelenskyy didn’t even say thank you!
Lol. I think he politely said "No, thank you!"
And then of course, TACO Trump already said that Nov. 27 is not a real deadline, this is just his first proposal to start the negotiations...
Meanwhile, the atrocities in Ukraine continue. For the tenth month. That's ten months LATER than when Trump promised to end the war.
Really he is supposed to say thank you to Trump who is nothing but Putin’s puppet. Russia invaded Ukraine without provocation because murderous thug Putin wanted to start recreating the USSR - under himself of course. So
in what universe should Ukraine cede any territory to Russia. Only in the universe where Putin has dirt on a totally unfit corrupt president of the USA who in turn is blackmailing Zelensky.
Ukraine has denounced the bullshit peace deal in a speech by Zelensky at the EU, and in large scorned him for it, but Ukraine is standing strong against anything that takes their sovereignty and territory from them. In this week's reporting on Ukraine forces, Ukraine is taking it to Russian territory with huge successes. Blew up a huge underground munitions and communications facility behind Russian lines yesterday. Long live Ukraine.
I'm surprised Scott Bessent is not telling the people to get multiple roommates. He already said move to a Red state. This Administration has no clue what America is going through. People are skipping meals and sacrifices are being made to stay alive.
It's because he's a delusional psychopath. He's a compulsive liar and in complete denial. Unfit to remain as president. None of his administration is fit to run this country.
How many times do they have run our country down before the honest people stand to up for America.
Fall Of Cheeto’s Arrogant Roman Empire Occurred From Within
In America this time the fall will be related to the very wealthy billionaires Part of this decline is the willingness of the Nazi billionaires through Cheeto to rig the elections so that the “other” people don’t have a say in governing And this fits perfectly what Cheeto and RFK Jr are saying in voicing the Nazi/GOP talking points The wealthy superior class and the King should dominate and rule the inferiors or unworthy working class Cheeto wants to rule over the people, not serve them
But let’s face it This has always been the “let them eat cake” attitude of the Nazi/GOP uberwealthy who have been drawn to control the masses People like Musk and his South African buddy Theil have advantaged themselves at the expense of the taxpayer but have this superiority complex that has always fit the Nazi/GOP talking points Cheeto lied to the electorate to get into office by telling them that “he was the savior for the working class” Remember his rust belt promises and then there was “bringing down prices on Day One”
The electorate bought his lies and now there’s liar remorse and has led to French Revolution 2.0 21st century American style Off with their Nazi/GOP heads!!! WE the People say
He is so delusional, everyone sees it.
Do you think he will ever pay for the atrocities he has committed? I hope so!!
Even though he may never be arrested for his crimes, He will suffer. His Dementia will numb his understanding the Cruel hurt he has done. Nobody loves him. He will be hated for all time. That's Karma.
Mental note for all Americans: Never elect anyone who hasn't had to manage a family's household budget on shrinking wages and increasing debt.
Never ‘vote’ for a felon!!!
That would also help. 🙂
Stephen Miller tells DJT the facts , we know Donald doesn't read. Miller manufactures everything and gives the orders. I believe he ordered Epstein and Kirk to disappear.
Also Steve Bannon, he a liability to Miller and tRump
How do you see Bannon as a liability ti Miller ? I am curious.
He was working with Epstein to repair Epstein's image as a sex criminal before Epstein's arrest and knows information about the connection to tRump and others. He is in many video's talking with Epstein about saying tRump would be worried that they were talking to each other. Bannon is saying now that he and many others would be going to prison if Democrats take back control of congress. There is damming information coming out with the release of the Epstein files. People who crime together share exposure.
But how is he a liability to Miller? Miller is the dangerous one. He is directing these tweets to hang congressman and go to military trials.
get that child molester out before it's too late
It’s too late. I’m sorry!
I'm confused Michael, you say inflation actually is down from last year under Biden. I've heard it's actually up another 3% since then...as in added to the existing inflation when Trump took over!
And what makes you say Thanksgiving is 5% cheaper than last year? Are you basing that on the misleading Walmart ad? Looks to me Thanksgiving is actually MORE this year compared to last year. Please tell me where you are getting your numbers/information from?
In June 2022, inflation was at 8.9% under Biden but by the time he left office it was 2.9%. Due to his policies that trickled into 2025, inflation got as low as 2.4% in May 2025. But then Trump's tariffs began to be infused into the economy so June and July were 2.7%, August was 2.9 and Sept was 3.0%. October is 2.96%. Prices for everyday goods increased 2.68% overall from same time last year.
The Fed likes to see inflation at around 2.00%. That is healthy growth without economy killing inflation.
Someone above mentioned that once prices are up, they rarely go down even when the underlying reason for the price increase goes away. In general, that's true because why lower the prices when you can make more money by keeping them the same when the wholesale price is now lower. Sometimes prices will drop, such as the price of eggs did once the bird flu thing improved.
the thanksgiving thing is something trump pulled out of his ass, stating that Walmarts 2025 Thanksgiving basket is cheaper than last year. What he fails to mention is last year the basket had 21 items that were all brand names. This year's basket has 14/15 items that are all Walmart generic brand.
Numbers are from US Inflation Calculator. These may not be exact since Trump has fired the people that normally do the calculations in an effort to hide the truth that inflation is NOT down.
Thank you, Candace, for the clarifications!
Happy to help
I think he was saying that sarcastically, as team Trump is trying to claim, while everyone, even MAGA, knows the truth. One of the reasons we are seeing the gouging and price rise on certain goods, like the ones Michael mentioned, is due to the tarrifs and not necessarily normal inflation. So in effect, Trump is personally responsible for the rise in prices on many things, a new tax for us to pay.
There was something I read about that the prices have increased due to natural forces (some kind of blight or the like) but I can’t remember what it was…drat. However, other than that, the cause of prices rising are all trump caused, either his tariffs or his immigration policies. Tariffs directly by adding to the price. immigration will affect the price of fruits and veggies due to lack of workers, same with beef as meat processing is often done by illegals. Home building, landscaping, hotels, all are more expensive even though they are not subject to tariffs because workers have either been deported or are afraid to come to work.
I, too, question Mr. Cohen's numbers.
Isn’t it about time our nation rejected him? And the oligarchs? They have been spreading his crooked message since 2010 and his birther crap.
They've been spreading this crooked message since someone whispered "trickle down economics" in Reagan's ear. Ronnie, known for being good at taking direction, repeated "trickle down economics" enough times that some fools actually believed it.
Many people are drawn to the hateful messaging, which really started under Gingrich and mushroomed into the Tea Party movement in 2009/2010. Trump saw an opportunity and seized on that hate, promoting and mushrooming a fringe birther conspiracy that was relegated to the craziest fringe of the far right, into mainstream media in 2011.
Ironically, the TEA party movement was supposedly "taxed enough already," but morphed into a general movement about government intervention in our lives. We know what the movement really was about (a black man in the WH) and all of these anti-tax, anti-govt types are now all MAGA and onboard with Trump's new taxes on us (tariffs) and his govt overreach on trying to control speech, books, sports (remember the NFL boycotts?) the beer we drink (bud light boycott,) our ability to get life saving vaccines, and now, even Tyenol.
Straight FACTS. Thank you completely forgot the hateful origin of MAGA was Gingrich.
Great column, Michael! You are a very talented writer!
he's deluded, his cronies are not. This is intentional.
Copied directly from Project 2025. Remember, the document that Traitor Trump never knew anything about, but his Executive Orders say something totally different. Which is why I have been saying he is a mushroom. His sycophants are feeding him horseshit and keeping him in the dark.
Page 736 — Mandate for Leadership: The Conservative Promise government deficits and pressure to print money to boost the economy artificially until the next election. Because both will always exist with self-interested politicians, the only permanent remedy is to take the monetary steering wheel out of the Federal Reserve’s hands and return it to the people. This could be done by abolishing the federal role in money altogether, allowing the use of commodity money, or embracing a strict monetary-policy rule to ward off political meddling. Of course, neither free banking nor a allowing commodity-backed money is currently being discussed, so we have formulated a menu of reforms. Each option involves trade-offs between how effectively it restrains the Federal Reserve and how difficult each policy would be to implement, both politically for Congress and economically in terms of disruption to existing financial institutions. We present these options in decreasing order of effectiveness against inflation and boom-and-bust recessionary cycles
page 735 736
Free Banking. In free banking, neither interest rates nor the supply of money is controlled by the government. The Federal Reserve is effectively abolished, and the Department of the Treasury largely limits itself to handling the government’s money. Regions of the U.S. actually had a similar system, known as the “Suffolk System,” from 1824 until the 1850s, and it minimized both inflation and economic disruption while allowing lending to flourish.23 Under free banking, banks typically issue liabilities (for example, checking accounts) denominated in dollars and backed by a valuable commodity. In the 19th century, this backing was commonly gold coins: Each dollar, for example, was defined as about 1/20 of an ounce of gold, redeemable on demand at the issuing bank. Today, we might expect most banks to back with gold, although some might prefer to back their notes with another currency or even by equities or other assets such as real estate. Competition would determine the right mix of assets in banks’ portfolios as backing for their liabilities
Commodity-Backed Money. For most of U.S. history, the dollar was defined in terms of both gold and silver. The problem was that when the legal price differed from the market price, the artificially undervalued currency would disappear from circulation. There were times, for instance, when this mechanism put the U.S. on a de facto silver standard. However, as a result, inflation was limited. Given this track record, restoring a gold standard retains some appeal among monetary reformers who do not wish to go so far as abolishing the Federal Reserve. Both the 2012 and 2016 GOP platforms urged the establishment of a commission to consider the feasibility of a return to the gold standard,27 and in October 2022, Representative Alexander Mooney (R–WV) introduced a bill to restore the gold standard.28
K-Percent Rule. Under this rule, proposed by Milton Friedman in 1960,31 the Federal Reserve would create money at a fixed rate—say 3 percent per year. By offering the inflation benefits of gold without the potential disruption to the financial system, a K-Percent Rule could be a more politically viable alternative to gold. The principal flaw is that unlike commodities, a K-Percent Rule is not fixed by physical costs: It could change according to political pressures or random economic fluctuations. Importantly, financial innovation could destabilize the market’s demand for liquidity, as happened with changes in consumer credit patterns in the 1970s. When this happens, a given K-Percent Rule that previously delivered stability could become destabilizing. In addition, monetary policy when —
739 — 2025 Presidential Transition Project Friedman proposed the K-Percent Rule was very different from monetary policy today. Adopting a K-Percent Rule would require considering what transitions need to take place
Inflation and Growth–Targeting Rules. Inflation and growth targeting is a popular proposal for reforming the Federal Reserve. Two of the most prominent versions of inflation and growth targeting are a Taylor Rule and Nominal GDP (NGDP) Targeting. Both offer similar costs and benefits. Economists generally believe that the economy’s long-term real growth trend is determined by non-monetary factors. The Fed’s job is to minimize fluctuations around that trend nominal growth rate. Speculative booms and destructive busts caused by swings in total spending should be avoided. NGDP targeting stabilizes total nominal spending directly. The Taylor Rule does so indirectly, operating through the federal funds rate. NGDP targeting keeps total nominal spending growth on a steady path. If the demand for money (liquidity) rises, the Fed meets it by increasing the money supply; if the demand for money falls, the Fed responds by reducing the money supply. This minimizes the effects of demand shocks on the economy. For example, if the long-run growth rate of the U.S. economy is 3 percent and the Fed has a 5 percent NGDP growth target, it expands the money supply enough to boost nominal income by 5 percent each year, which translates into 3 percent real growth and 2 percent inflation. How much money must be created each year depends on how fast money demand is growing. The Taylor Rule works similarly. It says the Fed should raise its policy rate when inflation and real output growth are above trend and lower its policy rate when inflation and real output growth are below trend. Whereas NGDP targeting focuses directly on stable demand as an outcome, the Taylor Rule focuses on the Fed’s more reliable policy levers. The problem with both rules is the knowledge burden they place on central bankers. These rules state that the Fed should neutralize demand shocks but not respond to supply shocks, which means that it should “see through” demand shocks by tolerating higher (or lower) inflation. In theory, this has much to recommend it. In practice, it can be very difficult to distinguish between demand-side.