Of all the declared Republican presidential candidates, none has taken a tougher stance on the Federal Reserve than Governor Ron DeSantis. He’s criticized monetary policymakers for permitting rampant inflation. He’s defended the rights of crypto enthusiasts to own and transact digital assets free from heavy-handed regulators at the Fed and elsewhere. And he’s come down hard against a central bank digital currency (CBDC), which poses great threats to financial privacy and freedom.
Except for inflation, these might seem like esoteric policy concerns of little interest to average voters. But the issue profiles are waxing. Americans are increasingly aware just how dangerous the Fed is to national wellbeing. Elected officials, who are supposed to control the government, should absolutely be sounding the alarm about our renegade central bank.
On inflation, the governor’s conventional take is the right one.
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