Politics

Central bankers don’t fear Trump “politicizing” the Fed. They fear he’ll expose it already is.

The current Washington tiff between Donald Trump and Jerome Powell is being reframed as Powell heroically defending the Fed’s “independence.” In truth, the Fed has always done the administration’s dirty work and pursued inflation when it might temporarily boost the economy.

Thanks for government intervention, the US healthcare system has been breaking down. Unfortunately, with each healthcare setback, the prescription is for more intervention, which triggers even more crises.

Central bankers are not afraid Trump will “politicize” the Fed and turn it into a crony arm of the government that warps the economy to benefit those close to power. They’re afraid his blind inflationism and lack of subtlety will make it impossible to hide the fact that it already is.

The current Washington tiff between Donald Trump and Jerome Powell is being reframed as Powell heroically defending the Fed’s “independence.” In truth, the Fed has always done the administration’s dirty work and pursued inflation when it might temporarily boost the economy.

When it comes to supporting the Trump administration, there is room for some honest self-reflection: What did I know and when did I know it?

The standard explanation for the Constitutional Convention was that the Articles of Confederation were a failure. However, the Articles actually worked the way they were supposed to work. Unfortunately, the advocates of a strong central government ultimately got their way.

As an official Public Policy Hooligan, James Bovard is well-known for some of his zingers. Here are some he wrote in 2025.

The standard explanation for the Constitutional Convention was that the Articles of Confederation were a failure. However, the Articles actually worked the way they were supposed to work. Unfortunately, the advocates of a strong central government ultimately got their way.

On this episode of Power & Market, the panel kicks off 2026 with a conversation about the arrest of Maduro. What's next for Venezuela? What's DC's next target? Does America really need a 1.5 trillion dollar defense budget? We look at these questions and more.