Well, howdy there, Internet people, it's Bell again.

So today, we're going to talk about Trump versus Scotus versus inflation versus the Fed.

Trump is making his move to reshape the Federal Reserve, apparently in pursuit of his dreams

of forcing lower interest rates.

This puts him on a collision course with the Supreme Court of the United States.

If Trump is successful, he'll also likely get the exact opposite of what he wants,

and you'll get higher inflation.

Okay, so Trump is attempting to remove Federal Reserve Governor Lisa Cook.

There's a high likelihood that this move is headed to the Supreme Court, a court that has already

warned Trump against this back in May, in a weird decision in Trump v. Wilcox.

Back then, the court went out of its way to say that Trump's power to hire and fire

didn't really apply to the Fed, because it, quote, is a uniquely structured quasi-private

entity that follows in the distinct historical tradition of the first and second banks of the United States.

Now Trump is spitting in the face of that warning and the court itself.

If the court allows this, conservative and liberal majorities won't matter anymore,

because Trump will have proven that he can ignore them even if they go

out of their way to warn him against something in advance. Expect this to be a wild and high

stakes ride if this process moves forward. Beyond the legal, political, and philosophical issues

of silly concepts like judicial review.

We need to talk about the realities of what happens if the Federal Reserve's independence

is threatened. The realities of that really matter to you. Generally speaking, academic analysis

has shown the trend is that the less independent a country's central bank is, the higher inflation goes.

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