Nick and Jack

Prices rose like 10 times faster than they've ever risen in the United States. Because investors know if a politician controls the central bank, like we saw the peso in Argentina pop, they like to give the economy a couple cookies, Jack. A short-term sugar high. Basically, it's like politicians get control of the candy jar if they can control their central bank. It feels good for a minute.

Prices rose like 10 times faster than they've ever risen in the United States. Because investors know if a politician controls the central bank, like we saw the peso in Argentina pop, they like to give the economy a couple cookies, Jack. A short-term sugar high. Basically, it's like politicians get control of the candy jar if they can control their central bank. It feels good for a minute.

Like, cutting interest rates feels good for a minute, but it's really harmful long-term if it makes inflation even worse. The capitalist cavities are not fun. And that's kind of what Trump wants, it seems. Well, breaking news, as Jack and I are literally recording this story right now. You see this, Jack? Trump just said, and I quote, he has no intention of firing Jerome Powell.

Like, cutting interest rates feels good for a minute, but it's really harmful long-term if it makes inflation even worse. The capitalist cavities are not fun. And that's kind of what Trump wants, it seems. Well, breaking news, as Jack and I are literally recording this story right now. You see this, Jack? Trump just said, and I quote, he has no intention of firing Jerome Powell.

Like, cutting interest rates feels good for a minute, but it's really harmful long-term if it makes inflation even worse. The capitalist cavities are not fun. And that's kind of what Trump wants, it seems. Well, breaking news, as Jack and I are literally recording this story right now. You see this, Jack? Trump just said, and I quote, he has no intention of firing Jerome Powell.

Okay, so that is a huge switch from what was being said on Monday, and that's a great thing. And it's also good news. It's a great thing, Jack. Because of our takeaway. Perfect timing. So Jack, what's the takeaway for our buddies over there in the Fed? Sometimes the popular thing is the worst thing. Now, yetis, we covered the Fed last year.

Okay, so that is a huge switch from what was being said on Monday, and that's a great thing. And it's also good news. It's a great thing, Jack. Because of our takeaway. Perfect timing. So Jack, what's the takeaway for our buddies over there in the Fed? Sometimes the popular thing is the worst thing. Now, yetis, we covered the Fed last year.

Okay, so that is a huge switch from what was being said on Monday, and that's a great thing. And it's also good news. It's a great thing, Jack. Because of our takeaway. Perfect timing. So Jack, what's the takeaway for our buddies over there in the Fed? Sometimes the popular thing is the worst thing. Now, yetis, we covered the Fed last year.

And in that story, we said it was the only part of our government willing to do the unpopular thing. Our presidents, our senators, our mayors, our governors, they all pledge to do popular things if they get elected. Tax cuts, stimulus checks, hey, loan forgiveness over there. It all sounds great, but the result is unbelievable amounts of debt. And another result, inflation.

And in that story, we said it was the only part of our government willing to do the unpopular thing. Our presidents, our senators, our mayors, our governors, they all pledge to do popular things if they get elected. Tax cuts, stimulus checks, hey, loan forgiveness over there. It all sounds great, but the result is unbelievable amounts of debt. And another result, inflation.

And in that story, we said it was the only part of our government willing to do the unpopular thing. Our presidents, our senators, our mayors, our governors, they all pledge to do popular things if they get elected. Tax cuts, stimulus checks, hey, loan forgiveness over there. It all sounds great, but the result is unbelievable amounts of debt. And another result, inflation.

Like eggflation, prices were popping. But the Fed is our one institution that doesn't care about popularity. They care about the long-term health of the economy. And the only reason why the Fed can do the unpopular thing, Jack, it's because they're independent of politics. Now, the popular thing to do during inflation is to cut interest rates.

Like eggflation, prices were popping. But the Fed is our one institution that doesn't care about popularity. They care about the long-term health of the economy. And the only reason why the Fed can do the unpopular thing, Jack, it's because they're independent of politics. Now, the popular thing to do during inflation is to cut interest rates.

Like eggflation, prices were popping. But the Fed is our one institution that doesn't care about popularity. They care about the long-term health of the economy. And the only reason why the Fed can do the unpopular thing, Jack, it's because they're independent of politics. Now, the popular thing to do during inflation is to cut interest rates.

But that would make the problem of inflation even worse. Which is the reason we need an independent Fed. They're the only ones who can give us tough love. Or, Jack, the more I think about it, the more it is like Batman. Do you know the final lines in The Dark Knight? I think you're about to tell me. He can take it because he's not our hero. He's a silent guardian. He's a watchful protector.

But that would make the problem of inflation even worse. Which is the reason we need an independent Fed. They're the only ones who can give us tough love. Or, Jack, the more I think about it, the more it is like Batman. Do you know the final lines in The Dark Knight? I think you're about to tell me. He can take it because he's not our hero. He's a silent guardian. He's a watchful protector.

But that would make the problem of inflation even worse. Which is the reason we need an independent Fed. They're the only ones who can give us tough love. Or, Jack, the more I think about it, the more it is like Batman. Do you know the final lines in The Dark Knight? I think you're about to tell me. He can take it because he's not our hero. He's a silent guardian. He's a watchful protector.

The Fed is like Batman. So, besties, the Fed should remain independent because, like Batman and Gotham, sometimes they're the only one who can do the unpopular thing.

The Fed is like Batman. So, besties, the Fed should remain independent because, like Batman and Gotham, sometimes they're the only one who can do the unpopular thing.

The Fed is like Batman. So, besties, the Fed should remain independent because, like Batman and Gotham, sometimes they're the only one who can do the unpopular thing.