We have an unelected, unaccountable administrative state that sees itself as separate from, and above the people.  Now, it is intervening to make sure it gets a government that will be amenable to its rule.

The latest example of this is a stunning statement from former Fed monetary Vice Chair William Dudley. He was quoted in Bloombergsaying that the Fed should help defeat Donald Trump in the upcoming presidential election.

“Officials could state explicitly that the central bank won’t bail out an administration that keeps making bad choices on trade policy, making it abundantly clear that Trump will own the consequences of his actions,” Dudley said.

In other words, Dudley asserts that the central bank should do nothing to help the economy if it also helps Trump.  Where is America in this calculation?  Well, someone has to take a backseat to Dudley’s political positions, so it might as well be the financial well-being of the United States, right?  But there’s more.

“There’s even an argument that the election itself falls within the Fed’s purview,” Mr. Dudley said. “After all, Trump’s reelection arguably presents a threat to the U.S. and global economy, to the Fed’s independence and its ability to achieve its employment and inflation objectives. If the goal of monetary policy is to achieve the best long-term economic outcome, then Fed officials should consider how their decisions will affect the political outcome in 2020.”

Enjoy the rest of this article on TownHall.com.

U.S. Embassy Phnom Penh – image credit


About The Author

Mark Meckler

Mark was a co-founder of the Tea Party Patriots, and served as the national coordinator. He left the organization to work more broadly on expanding the self-governance movement beyond the partisan divide. Mark appears regularly on television in outlets as diverse as MSNBC, ABC, NBC, Fox News, CNN, Bloomberg, Fox Business and the BBC. He’s highly sought after for the tea party perspective from print and electronic media outlets, from the Wall Street Journal, New York Times, L.A. Times, Washington Examiner, Politico and the The Hill. Mark blogs at MarkMeckler.com, and his opinion editorials regularly run in many of the leading political newspapers both on and offline. Mark has a BA in English from San Diego State University and graduated with honors from University of the Pacific, McGeorge School of Law in 1988. He practiced real estate and business law for almost a decade. For the last eleven years of his legal career he specialized in Internet advertising law. When not fighting for the future of our nation, Mark is an avid horseman, and lives in rural northern California with his wife Patty and two children.