Hillary Clinton has issued a decree about the Federal Reserve Bank, to the extend she understands that the Fed’s monetary policies are what monetize the debt she and her kind run up.
According to Clinton, the tool that greases the operations of government “should be off-limits for U.S. presidents and presidential candidates. You should not be commenting on Fed actions when you are either running for president or you are president,” commanded this illiberal, controlling, presidential candidate.
Donald Trump, on the other hand, gets that the Fed is “keeping the rates down so that everything else doesn’t go down,” and that, “We have a very false economy.”
And he says so.
To contrast with the lack of awareness of monetary policy among his rivals, Donald Trump’s awareness of the destruction created by the Federal Reserve system was commended in “The Trump Revolution: The Donald’s Creative Destruction Deconstructed”:
“The consummate homo economicus, Trump is a rational actor in the market place. Unlike the rest of the GOP contenders who’re guided by political calculations; Trump speaks like a man to whom rational economic choices are second nature. And so he gets that the ‘stock market is bloated’; that the Stock Exchange is a laughing stock, and that soaring stock prices are a consequence of centrally planned, monetary stimulus.” (p. 45.)