Trump vs. Harris on the Economy
The Daily
Beware the Backfire of Intervening Hands
Intervening in independent central banking can lead to destructive consequences, such as rapid inflation. When executives exert pressure to lower interest rates without considering economic conditions, it risks reigniting inflationary trends that had begun to stabilize. This undermines the credibility of central banks and can trigger severe inflation spirals, as evidenced by situations in various countries with politicized monetary policies. Such interventions contradict traditional Republican views of limited government involvement in the economy, depicting a stark contrast to free market principles, especially methods like imposing tariffs or regulating private insurance rates, which may be viewed as excessive government control.
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