Defending the Value of Money
Government
The argument between President Donald Trump and Federal Reserve Chairman Jay Powell is about the value of money. When there is too much debt and borrowing, the classic way of dealing with it is to push real interest rates down and devalue money, which is bad for creditors and good for debtors. That is what Trump is pushing for and what Powell is defending against. These arguments are normal, though this one is more intense . Heads of state often want to have more stimulation to boost spending
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