Things are “Transitory” as long as the right people are in place to correct the course of public policy toward some means to a “sustainable end”. We no longer have that in America today, our major institutions are void of competence and competent people in most all departments of our federal government. Instead, we have “Climate Change” radicals in every department that would have otherwise coordinated and effectively applied their efforts toward eradicating this runaway inflation. We are witnessing poor decisions stacked on top of poor decisions daily. And since two wrongs don’t make a right, logically speaking a dozen bad decisions wouldn’t find themselves righting any ships either… looks as if until new leadership arrives in Washington, we are all effectively screwed…

I have a solution, eliminate the people serving on the Federal Reserve Board all the way from the Chair, Jerome Powell down to the currently “active” committee members. Also eliminate the position of the Secretary of the Treasury while you’re at it. Janet Yellen is nothing but another Climate Activist. I’m in no way proposing to eliminate “Monetary Policy” decision-making et. al., just the process of how those key decisions are made. Since Monetary Policy is essential, my new proposal would turn Monetary decision-making into an instantaneous, interactive process through [robotic-style] software programs. Hey don’t laugh, think about how effective it would be to eliminate people and their feelings from Fed decision-making – often times they throw tried and true economic policy to the wind in order to accommodate some individual political motive(s), on nonsense such as [somehow] controlling the climate, or even whether or not Jimmy’s third cousin’s Uncle is back yet from hunting seals in Antarctica, you know, before we can make that necessary move affecting the entire country? Give me a frigging break!

My new software program would effectively make decisions that are rules-based in response to constant data inputs. Information from the commerce department and other economic data measures are constant feeds into the software which either triggers or does not trigger a change in course in order to sustain an economic expansion. It’s automated and therefore, will not express political bias. Those monthly Federal Reserve Monetary Policy meetings can be eliminated altogether. No shoulder rubbing, no sucking up to political whims, no personal payoffs for having done this or that. And most of all no pats on the back either. Under my proposal there would be zero for a Fed Governor to do… now they can get back to work on that golf game. 🙂 Monetary Policy is handled based on several algorithms, and inputs of data are constantly received with fresh information based on all relevant economic variables. We wake up the next morning to find out that short-term rates have been hiked, or cut, or maybe even stay the same, etc. No tears, no sucking up, no debts owed to any one [person]. It’s just life, and the facts thereof… impersonal and completely the required medicine for keeping the U.S. economic expansion engine running 24/7 (in the right direction) always.

Sadly, the situation we find ourselves in today is one where our economic clock is ticking. How much longer will this economy hang in before these total imbeciles in Washington right the ship? Will they succeed in extending this economic expansion, or will we enter a new recession before they get off their fairy tale climate distractions? I fear the worst, let me explain why – with inflation running 10% annually, and interest rates still @ zero, we now have effective interest rates of -10%! Once you take U.S. inflation into consideration. That means labor costs have to increase 10% each year just to neutralize the effects of inflation – impossible! All this combined with the fact that we keep hearing how Wall St. is worried over whether the Fed will raise rates 1/4 of 1% in the March meeting – OR – will they begin with a 1/2-point rate hike? Are you frigging kidding me? Someone out there is worried about rate hikes this small while living under 10% inflation? Neither of these hikes would make one iota of difference in battling our inflation issue here at home. This Fed needs to begin, I mean just begin with a 200-basis point hike in March (2%), and that’s on the low end, just to get things started in the right direction… it’s that bad. A 2% hike in interest rates would be a good start toward (psychologically) showing that our Fed is serious about fighting inflation. Time for all climate goons to sober up and get to work and make drastic changes – change we desperately need!

I say the only cure to make certain this doesn’t destroy America’s economic future is to take the responsibility completely out of the Fed Governor’s hands to make certain this doesn’t happen again. Create a automated system driven by software rules that’s consistent, interactive, and predictable. Is anyone out there besides myself aware of how much in financial assets are managed today using software-based rules programs instead of humans? A ton, the amount is certainly in the $trillions of dollars. If you’ve ever read the term “Quantitative” when describing an investment strategy they are employing a rules-based software program that triggers decisions on whether to buy, sell, or hold certain assets based on inputs of related data. Humans often insert personal biases into their decision processes, not so with software rules. Economic data inputs trigger decision rules, and there’s no waiting on a meeting to find out how everyone “feels”. Save those “feels” for when you receive new slippers for Christmas and put them on for the first time. Awww – now that feels nice! Kinda what it must feel like to have automated software responding to our every Monetary Policy need… 🙂