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Henry MaherThe Conversation |
A push in California to tax billionaires will be an important test of the political power of the rich – and the health of US democracy.
Though Trump clearly remains sceptical of central bank independence, his appointment of Warsh suggests he recognises the importance Fed credibility.
The stagflation crisis of the 1970s stands as a clear warning of what might happen if the Fed’s independence is compromised.
The US president has used and discarded many people in his career. The tech billionaire appears to be the latest.
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