@Housedog@White_Rabbit_OG that is fun to do some bottle shooting.
ive been thinking of getting the guns out - I've got a bunch of groundhogs that are being a nuisance digging holes all over the place.
i'd either use 22 rifle or a .410 shotgun
Food for thought.
Warsh’s Hamiltonian Fed.
Kevin Warsh is not seeking to reform the Federal Reserve. He is aiming to redefine it.
His project is clear: scale back the Fed’s autonomy and subordinate it to the Treasury, effectively restoring a Hamiltonian model in which the central bank operates as an instrument of national policy.
Monetary policy, in this view, is not a technocratic exercise. It is statecraft.
This is a direct challenge to the post-Volcker consensus of central bank “independence.” That model, insulated, academic, and narrowly focused on inflation, was built for a disinflationary, stable world. It is poorly suited to one defined by supply shocks, industrial competition, and geopolitical rivalry.
Warsh’s implicit argument is that the Fed, as currently constructed, is not just ineffective, it is misaligned. It reacts rather than leads, tightens into fragility, and operates at cross purposes with fiscal and industrial policy.
Hamilton would find this arrangement baffling. In his Report on a National Bank, he argued that such an institution would be “an engine of national prosperity,” designed to support public credit and direct capital toward productive ends. It was never meant to stand apart from government. It was meant to extend its reach.
That is the model Warsh is reviving.
Critics warn of politicization. But the Fed is already political, just without accountability or strategic clarity. The real question is whether monetary power is coordinated with national objectives or exercised in isolation.
In an era defined by reindustrialization, energy competition, and technological rivalry, capital formation is strategy. A central bank that ignores that reality is not preserving independence. It is abdicating relevance.
Warsh’s bet is simple: the Fed must be folded back into the machinery of national purpose.
Hamilton would recognize the logic immediately.