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Posted

I believe the significance of this man's views is one of the most underestimated things in finance today. I've thought for some time now that whoever Trump put in as Fed Chair would likely be the single most important thing he did during his second term. Maybe I'm wrong on that, but I still feel that Warsh is immensely important.

September 2018:
 


April 2020:
 


October 2022:
 


July 2025:
 

Posted

   "History tells the story. In the United States, we have had decades of good growth without inflation—in the 1950s and early 1960s, and again in the 1990s through the early 2000s. Those years of stability were also marked by eight recessions, mostly quick, that posed no risk of deflation.
    Only once in the past century, in the 1930s, have we had deflation, serious deflation. In 2008-2009 there was cause for concern. The common characteristic of those two incidents was collapse of the financial system."

— Paul Volcker, Keeping At it

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