If the Fed were constrained by a gold standard or money supply control, interest rates would be significantly higher, the economy would be weaker, government spending would have to be cut, and these programs would need reduction, but this politically unacceptable outcome shows why politicians will never agree to sound money constraints.
causalpending
Speaker
Bill FleensteinEvidence Quote
“If we did that, rates would be higher. The economy would certainly get weaker. We'd have to cut government spending”
Source
Bill Fleckenstein: We've Gone Past The Point Of No Return, Only An Epic Crisis Can Fix— The Julia La Roche ShowCreated: 8/11/2026, 5:23:30 AM
My Notes
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