Powell’s Exit Plan: A Pipe Dream Drenched in Central Bank Hubris “I really want to turn this job over with the economy in really good shape,” Powell told the press. That line should terrify anyone who understands how economies actually work. This is the problem with unelected technocrats running the monetary show—they believe they can shape reality through policy statements and interest rate tinkering. Inflation? Just nudge the rates. Labor markets? Just tweak the balance sheet. It’s economic alchemy, not science. Here’s the truth: no small group of planners can fine-tune an economy made up of millions of people making billions of decisions every day. And every time they try, they leave behind wreckage—bubbles, busts, and broken lives. Inflation Theater:…
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