When President Trump comes into office, the whole world changes…. a new world order! Trump ran on the change from running the economy based on monetary policy to one of fiscal policy, much like Ronald Reagan did. Although both are used to pursue policies of higher economic growth and controlling inflation, make no mistake about it, and they are as far apart as the Hatfield's and the McCoy's, fire and water, Tom Brady and the evil Roger Goodell.
Right now, under President Obama, we are based on Monetary Policy.
Let me explain the difference between Monetary and Fiscal policy and how this is going to affect you and me:
Monetary policy is controlled and operated by the Central Bank or what we call 'The Fed". However, it is not one bank. It is a group of the 12 bank governors of the 12 Federal Reserve Bank districts. The group's official…