This is also why people who have been in Congress too long need to go. Too many people making decisions that affect the majority of Americans’ lives lack a visceral understanding of how the average person lives, what their struggles are, and how much fear and anxiety plague them
Matt Stoller
 @matthewstoller
23 Jun 2020
I wrote up one of the problems with the Federal Reserve. Every Fed board member is extremely wealthy, which means that key decision-makers have little experience with student debt, credit card debt, debt collectors, or payday loans. mattstoller.substack.com/p/e…

Jun 23, 2020 · 5:56 AM UTC

21
114
6
405
Replying to @marwilliamson
I don't want ppl mired in debt to be making financial rules. Flip side,ppl who have debt may think having more $ would solve their problems rather than changing their spending habits. My background checks at the hedge funds I work(ed)in req financial disclosure. I wouldn't hv...
1
Replying to @marwilliamson
Too little personal connection to the plight of those who will be affected by your decisions can lead to callous ones (albeit, it also aids objectivity to have some distance from your subject matter...).
Replying to @marwilliamson
Watch the documentary "America: from Freedom to Facism" to learn the shocking truth behind the Fed Reserve and much more. It's on YouTube for free; very eye-opening.
Replying to @marwilliamson
Perhaps we need a few Fed Board Members that cannot balance a checkbook to even stuff out? Top @TheDemocrats have a combined total of 200+ years. Change catlysts or obstructionists? @JoeBiden @SpeakerPelosi @SenSchumer @RepMaxineWaters @SenFeinstein @matthewstoller
Replying to @marwilliamson
Yes! ... there needs to be some everyday people on these boards!
Replying to @marwilliamson @Sreener
It ends when the FED breaks it's charter by buying corporate bonds, or stocks including ETF's. The government then has grounds to fine the FED astronomically, and seize it's assets thus avoiding default. But only possible through a people's administration, so not likely.
1
Replying to @marwilliamson @Walks_in_Light
Thank God you guys realize this and are stoking this conversation among the people. It’s easy to become complacent... we need to be awakened to the fact that our country is not based on Equality. People who have never felt the sting of real life do not know the true struggle!💯
Replying to @marwilliamson
💯💯💯
1
Load more