We entrusted the Federal Reserve system with authority to run monetary policy. But the Federal Reserve doesn t interfere with investment plans of individual companies, or even individual banks. You d make sure we have a safe banking establishment. It controls the amount of money growth there is in the economy. I think individuals should be given a choice, individuals always do better with more options, and you do run into the problem of, of politics playing a role.
Politicians love to invest politically in socially correct, and that reduces their rates of return.
Quite simply, when we talk about betting the farm on the stock market, that s not the right approach. That s not even the right angle to take on it. Quite simply, the stock market and stock valuations are a reflection of what s going on in America with the rate of growth, with the rate of profit growth, and interest rates. So, in fact, a diversified portfolio would definitely want to be invested in the stock market in the long run, in particular over invested relative to bonds with riskiness perceived to be less than what it used to be. Now, I think it d be very wise to give individuals choice.