There are ways to do this without requiring them to sell all their assets. You can require them to put their assets in a blind trust. If a CNBC reporter can't trade individual stocks but Fed president can, that does not make much sense.
I agree completely on the correlation with inflation and money supply. I would disagree on the source of the increase in money supply (M2). The Fed has increased its balance sheet substantially since 2008 and 2019 with annual growth at +/- 6%. In 2020 it shot up 27% at its peak and is now...
The Treasury is buying securities? If gold is the canary in the coal mine, what has it told you over the last 10 years? Peter Schiff sure has been very timely in his predictions.
What do you mean the US Treasury can't make money with low rates? That is the rate at which they borrow. If the Fed raised rates today the 10 year would go below 0% and invert. The Fed only buys at the short end, they are not buying 10 and 30 years so if the market felt inflation was going to...
Is it really taxable income? How/why does a pre paid tax credit suddenly become taxable income. Only those with an expected income over $400k will have to pay it all back.
I don’t like it because it is one step closer to UBI and conditions people to government payments, but there are also...