Stock Market Warning — Where Is Congress?

The Federal Reserve is not the institution to stabilize the American economy. That job belongs to the body to which the Constitution grants the monetary powers of the government.

AP/Richard Drew
Trader Gregory Rowe on the floor of the New York Stock Exchange, August 5, 2024. AP/Richard Drew

The collapse in stock markets around the world might not guarantee a recession — but it certainly suggests that one is lurking. So for whom dast one suppose the American voter is more likely to pull the lever? The dour Democrat who is ready to raise taxes, regulate the economy, and debase the dollar? Or the sunny tribune of tax-cuts, deregulation, and his celebrated sidekick, who have been extolling the virtues of a — oops — weak dollar? 

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