Let The Senate Banking Commission Hearing Know Virtually Prof. Negative Involvement Rates

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Title : Let The Senate Banking Commission Hearing Know Virtually Prof. Negative Involvement Rates
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Let The Senate Banking Commission Hearing Know Virtually Prof. Negative Involvement Rates



President Trump has been absolutely horrific inwards his personnel decisions, but at the transcend of the listing for bad decisions is his nomination of Marvin Goodfriend to bring together the Federal Reserve Board of Governors.

Goodfriend is non solely a Keynesian but he holds the off-the-wall stance that during a recession banking concern holders should live charged for keeping coin inwards their accounts, that is, he favors a negative involvement charge per unit of measurement on banking concern draw of piece of work concern human relationship cash at such times.

Got that?

When the Fed has screwed things upwards as well as then bad that nosotros are inwards some other recession as well as y'all desire to concur a petty cash cushion merely inwards representative y'all lose your job, this nut project wants to revenue enhancement some of the coin away via negative involvement rates.

The Senate Banking Committee holds a confirmation hearing for  Goodfriend on Tuesday.

Here are the members of the Senate committee. Blast them amongst emails as well as allow them know what form of nut project they volition accept inwards front end of them and that he should live questioned about his bizarre anti-consumer views.

Even Elizabeth Warren could live an ally amongst us on this one.

  -RW


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