WASHINGTON, DC – JULY 10: Federal Reserve Bank Chair Jerome Powell speaks during a House Financial … More Services Committee hearing on the Federal Reserve’s Semi-Annual Monetary Policy Report at the U.S. Capitol on July 10, 2024 in Washington, DC. Powell discussed lowering inflation rates, stating “the level of the U.S debt is not itself unsustainable, but the path that we’re on is unsustainable.” (Photo by Bonnie Cash/Getty Images)
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A few weeks ago, Vice President J.D. Vance promoted a free-market-friendly approach to regulating cryptocurrency. He said that the administration wanted a “common sense” framework rather than a “dictatorial government” to ensure that “the laws of economics” would do their thing.
Yet, the administration has shunned free market principles pretty much everywhere else, from trade policy to corporate acquisitions. On monetary…
