Guest Post by Ron Paul
Early in 2017, Senator Chuck Schumer stated that then-newly elected President Donald Trump was dumb to be antagonizing the intelligence community because “they have six ways from Sunday to get back at you.” Senator Schumer seems to have been onto something, given the possible involvement of US national security officials in the various attempts to remove President Trump from office and then sabotage his reelection campaign.
As powerful as the intelligence agencies are, there is another secretive government institution that also has great ability to harm, or help, politicians: the Federal Reserve. By manipulating the money supply and interest rates, the Fed can cause a temporary boom or slowdown. As we have seen over the past several years, the Federal Reserve’s money creation will also lead to rising prices, which can offset any economic benefits the average American receives from a Fed-created boom.