The Federal Reserve has just cut interest rates by half a point, marking its first such move in four years. This episode addresses the immense power wielded by central banks in shaping the global economy. The abandonment of the gold standard has shifted economic control to unelected officials, granting them the authority to dictate interest rates and influence inflation. The political pressures are behind these critical decisions, which highlights how fiscal irresponsibility has left everyday Americans vulnerable to the whims of central bankers.
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