> until you discover that its the people who own the fed that are really in power
This is nonsense. The President and Congress control the Fed. And nobody can knowledgeably claim, today, that its banking members (legally, its shareholders) are more powerful than America’s non-bank financial institutions (e.g. Blackrock or Brookfield).
The greatest boon our billionaire class could inherit is a politically-controlled Fed. It’s why one of any autocrat’s first moves is bringing the central bank under their control.
This is nonsense. The President and Congress control the Fed. And nobody can knowledgeably claim, today, that its banking members (legally, its shareholders) are more powerful than America’s non-bank financial institutions (e.g. Blackrock or Brookfield).
The greatest boon our billionaire class could inherit is a politically-controlled Fed. It’s why one of any autocrat’s first moves is bringing the central bank under their control.