Fed Has Done More Damage Than Good: John Allison

The transcript discusses Trump's economic appointments, focusing on Mick Mulvaney's role as OMB director and the implications for deficit management. It explores the regulatory environment, potential changes at the Federal Reserve, and the impact of deregulation. The conversation also delves into the Fed's role, its effectiveness, and the potential for systematic changes under new leadership.

What is the primary focus of Congressman Mulvaney as the director of OMB?

• Expanding social programs

• Raising taxes

• Reducing deficits

• Increasing government spending

What is President-elect Trump's stance on regulation according to the discussion?

• He has no opinion on regulation

• He believes regulation is beneficial for growth

• He supports more regulation

• He views the regulatory environment as harmful to economic growth

What is a significant challenge for individuals trying to impact the Federal Reserve?

• The overwhelming support for increased regulation

• The absence of regulatory laws

• The strong leadership of Janet Yellen

• The lack of available positions

What is one proposed solution to improve the Federal Reserve's impact on markets?

• Reducing the number of regulations

• Eliminating the Federal Reserve

• Implementing a rule-based system

• Increasing the number of board members

Which department is suggested to have a potentially larger impact on economic change?

• The Department of Energy

• The Treasury

• The Department of Agriculture

• The Federal Reserve

What combination has led to a slow growth rate in money in the economy?

• Increased government spending and tax cuts

• High inflation and low interest rates

• Deregulation and increased lending

• Loose money and tighter regulation

What percentage of money is created by private institutions according to the discussion?

• 90%

• 70%

• 50%

• 100%