Lenin and Hitler wanted to use money to destroy their enemies both internal and external, while Nero was more into self-enrichment. “Hundreds of thousands of rouble notes are being issued daily by our treasury ... with the deliberate intention of destroying the value of money ... [ Jerome Powell stands his ground amid Trump’s attack on Federal ReserveOpens in new window ]This is why central bank independence is important. (I’ve seen this as a former central bank economist!) Who do you trust more, Jay Powell or Donald Trump?

Source: The Irish Times January 17, 2026 07:30 UTC