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The targeting of Fed Chair Jerome Powell is our warning. The Fed must stay independent not because it's perfect, but because once monetary policy becomes political, economic stability collapses. Check out one of my recent Substack articles, along with a video, at the link in my reply.

Protecting only the Fed seems like a trap. Isn't this progression toward dual states? Why should money and finance be exempt from illiberal authoritarianism, while all the other institutions and accountability are ceded to the whim of a would-be dictator? Do we deserve an independent Fed? Why?

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