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Category Archives: Federal Reserve
The Jurisdictional Wars: Alliance Theory and the Battle for Authority at the Federal Reserve
Officials, economists, and career staff at the Federal Reserve do not compete for authority by saying they want power. They compete by invoking technocratic, economic, and institutional languages that frame their claims as fidelity to the dual mandate of price … Continue reading
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Hybrid Vigor & Other Useful Biological Theories For Understanding Society
According to Wikipedia: “Heterosis, hybrid vigor, or outbreeding enhancement is the improved or increased function of any biological quality in a hybrid offspring… Typical heterotic/hybrid traits of interest in agriculture are higher yield, quicker maturity, stability, drought tolerance etc.” I … Continue reading
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Decoding Kevin Warsh
ChatGPT says: Alliance Theory treats a Fed chair pick as an alliance management move, not a technocratic reward. Kevin Warsh fits a specific coalition need. He is legible to Wall Street, acceptable to fiscal conservatives, and intelligible to institutional centrists. … Continue reading
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FT: The threat to the global economy from Trump’s war on the Fed
Does danger only run in one direction? What is the danger of the Federal Reserve as an independent globalist organization? Are there any advantages to having a Federal Reserve that America’s voters can influence their representatives? I don’t understand why … Continue reading
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