We should first prepare immediate agitation, not demanding that Trump step back and allow Powell to continue as chair, but exposing the manner in which the Federal Reserve serves to stabilize an inherently unjust and exploitative world order.
The U.S. economy is bleeding, it’s hurt. It’s stumbling along on stilted steps, and the Federal Reserve needs to keep up the faith. That’s how all this works, right? Faith that the slip of paper, or the mark on the computer, means you have money somewhere that will be honored when you try to take it out.
Capitalist economists are talking a lot about confidence and contagion, but they fundamentally leave you feeling like money itself isn’t real. That’s because they don’t understand it.
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