The Midweek Update - Kevin Warsh Just Killed the Rule That Made Americans Suffer - June 24, 2026
New Fed Chairman Kevin Warsh just buried the Phillips Curve "cruel choice"—and the Trump Administration is building the replacement with directed credit and reindustrialization. The deeper engine of non-inflationary growth: human creativity, the American System's answer.
Susan Kokinda argues that new Federal Reserve Chairman Kevin Warsh's inaugural press conference signaled a break with the Phillips Curve “cruel choice” doctrine, insisting strong growth, low prices, and high employment are compatible through productivity-led expansion. She highlights Warsh's rejection of forward guidance and his call for markets to focus on incoming data from the real economy rather than Fed “prophecy.” Kokinda connects this shift to Trump Administration efforts to “outflank the money masters” by expanding directed credit through institutions like the Export-Import Bank, the Development Finance Corporation, and others to finance reindustrialization, machine tools, and advanced manufacturing. She concludes that the deeper driver of non-inflationary growth is human creativity—scientific discovery and innovation—framed as the American System's alternative to the British Liberal financial model.
00:00 The Midweek Update - Kevin Warsh Just Killed the Rule That Made
I was half asleep while watching that video earlier today. But they do have some interesting ideas. Im scratching my head wondering how productivity in the US will benefit everybody. Especially the lazy people who sponge off welfare programs. Either get a job or starve?
One guy with an ox and plow can feed several people, even the lazy ones. But it is much better if everyone is pitching in.
However, the democrats philosophy is to beat down the hard worker, steal and eat his ox with a few of his buddies. Then complain about the lack of production by the guy who they beat up.
Finally, someone with a clue about monetary policy. With our current governmental system there are really two pieces of the puzzle. Productivity lead growth and prosperity is one. The other one is money for nothing. The real driver of inflation. The Trump team is attacking that issue from many angles.
"I don't believe we have a cruel choice." — Kevin Warsh
With one line, the new Fed Chair buried a core rule of the British imperial system. Here's what's replacing it. 👇
https://x.com/PrometheanActn/status/2069839843870249396?s=20
The Midweek Update - Kevin Warsh Just Killed the Rule That Made Americans Suffer - June 24, 2026
New Fed Chairman Kevin Warsh just buried the Phillips Curve "cruel choice"—and the Trump Administration is building the replacement with directed credit and reindustrialization. The deeper engine of non-inflationary growth: human creativity, the American System's answer.
Susan Kokinda argues that new Federal Reserve Chairman Kevin Warsh's inaugural press conference signaled a break with the Phillips Curve “cruel choice” doctrine, insisting strong growth, low prices, and high employment are compatible through productivity-led expansion. She highlights Warsh's rejection of forward guidance and his call for markets to focus on incoming data from the real economy rather than Fed “prophecy.” Kokinda connects this shift to Trump Administration efforts to “outflank the money masters” by expanding directed credit through institutions like the Export-Import Bank, the Development Finance Corporation, and others to finance reindustrialization, machine tools, and advanced manufacturing. She concludes that the deeper driver of non-inflationary growth is human creativity—scientific discovery and innovation—framed as the American System's alternative to the British Liberal financial model.
00:00 The Midweek Update - Kevin Warsh Just Killed the Rule That Made
Americans Suffer - June 24, 2026
01:36 The Old System Was a Choke Chain
05:30 Building the Engine for Reindustrialization
09:14 What a Difference a Brain Makes
https://www.prometheanaction.com/the-midweek-update-kevin-warsh-just-killed-the-rule-that-made-americans-suffer-june-24-2026/
Can watch on youtube also...
https://youtu.be/dA1i8O3DBic?si=h4OWwy40U63HfMG5
I was half asleep while watching that video earlier today. But they do have some interesting ideas. Im scratching my head wondering how productivity in the US will benefit everybody. Especially the lazy people who sponge off welfare programs. Either get a job or starve?
Sounds fair to me. I’m in my 50th year of paying taxes. Lazy people need to work period
One guy with an ox and plow can feed several people, even the lazy ones. But it is much better if everyone is pitching in.
However, the democrats philosophy is to beat down the hard worker, steal and eat his ox with a few of his buddies. Then complain about the lack of production by the guy who they beat up.
Finally, someone with a clue about monetary policy. With our current governmental system there are really two pieces of the puzzle. Productivity lead growth and prosperity is one. The other one is money for nothing. The real driver of inflation. The Trump team is attacking that issue from many angles.
From his mouth to God's ears...
Bring fractions back to stocks or use nickel incriments.
Of course it's contrary to the "economists" opinion....
They're part of the same inbred mechanism trying to kill all of us!
u/#catdance