The reason why Musk and Trump joined forces to abolish the Fed:
First: The reason why the Fed was abolished is that the government can get rid of those debts. As the central bank of the US icon, the Fed holds the power of monetary policy and financial supervision. The government issues bonds through the Fed for financing, but the Fed's interest rate policy often limits the government's fiscal space.
Second: Musk and Trump may think that the independence of the Fed limits their policy freedom, and they hope to have more control to promote their own economic plans.
Third: They may feel that the Fed's monetary policy is not flexible enough and cannot respond quickly to market changes, especially during economic crises.
Fourth: They may think that the Fed's policy tends to protect large financial institutions rather than ordinary people and small and medium-sized enterprises.
Fifth: They may feel that the Fed's decision-making process is not transparent enough and hope to have more public participation and supervision.
Sixth: They may think that the Fed's monetary policy has led to uneven wealth distribution and aggravated the gap between the rich and the poor in society.
Seventh: They may feel that the Fed's monetary policy is not conducive to the long-term economic growth of the United States, and a new financial system is needed to promote the healthy development of the economy. #英伟达财报即将公布 $BTC