The Fed vs Politics

Pretty telling that Mr Powell (and his European Central Bank Buddies) had to hold a conference to make the case for how central bank monetary policy should be independent from political influence.

Meanwhile, The Bitcoin monetary policy is void of any mechanism that would lend itself to answering to political pressure. This is one of the most sacred attributes of the protocol.

Todays conference is a preemptive move by them to defend their position as their actions taken to slow the economy will bring greater and greater pain and the inevitable political outcry for them to reverse their policies will reach a fever-pitch sometime in the not so distant future. They will resist at first, but eventually 1 by 1 they will bend the knee and return to give the dope sick economies the easy money smack that they have become hopelessly dependent on. And again we will be reminded of indispensable necessity of Bitcoin.

submitted by /u/donmulatito
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