There are people on the left, including in the Biden administration, who are advocating that the Fed use its supervisory powers to resolve complex political issues, like what to do about global warming, social justice, and even education policy.
Toomey criticizes calls for the Fed to address political issues outside its mandate.
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Cryptocurrencies can protect against inflation when Governments irresponsibly manage their own currencies.
I think that there are a number of ways that you can go about creating a regulatory regime to take account of that risk.
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