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1/ In today's lesson in civics, let's consider this tweet by He Who Shall Not Be Named. The Federal Reserver ("Fed") is an independent institution that so that it can resist exactly the sort of political meddling shown in this tweet.
2/ The yield curve has inverted, something that typically happens right before a recession. It means a recession is almost certainly coming either immediately, or within 2 years -- smack in the middle of the election cycle. 
3/ We pretend people vote Republican or Democrat for political reasons, but the reality is that it's overwhelmingly the economy. If suddenly people are out of work due to a recession, they are going to vote against the incumbent, or at least, not bother to vote.
4/ If Trump can get the Fed to pump money into the economy (more quantitative easing, lower interest rates), he can stave off the coming recession until after the election. Hence, he appoints Stephen Moore and Herman Cain to the Fed to make this happen.
5/ It is such political meddling that caused Venezuela to become a failed state, not (only) its socialism. It's ironic that Trump blames socialism for Venezuela's problems, but it's million% inflation comes from exactly the sorts of policies Trump is trying here.
6/ What Trump calls "China's great stimulus" is that it's economy has become a huge ponzi scheme requiring greater and greater amounts of "stimulus" to keep going. We know a China crash is coming.
7/ During the 2016 campaign, Trump criticized China for artificially keeping its currency low. The irony is that right now, China is artificially propping up its currency. It's "great stimulus" should be cratering its exchange rate.
8/ What makes America already great, better than China or Venezuela, is that we have independent institutions like the Fed that resist such political meddling. These institutions need to be reformed occasionally, but their independence is really really important.
9/ BTW, as a side note, timing the market is a fools errand. We know a recession is coming, but it could still be several years away. China's ponzi scheme can last another decade. While we know such things are coming, we don't know when.
10/ Anyway, the reason I write this thread is not to criticize Trump so much as to criticize whatever comes after. The far-left, like Bernie, believe in things like MMT that are even worse than this nonsense Trump believes in.
