Treasury

The Treasury Department is one of those government agencies that the average citizen doesn’t think much of until a crisis happens like what happened in 2007-2008 with the Wall Street bailout. 

There isn’t a lot that needs to be said about increasing or decreasing or changing the priorities of the department as a whole.  I already covered how I would approach tax policies & the IRS earlier on, but I do want to touch on monetary policy, which falls under the auspices of the Federal Reserve and not the Treasury Dept.  

The Federal Reserve has done a magnificent job since the late 1970’s of managing our monetary policy to keep the economy humming along as best it could, even during down times like the Great Recession of the early 1990’s and more recently during the Covid pandemic and ensuing inflation.  Through approaches of “quantitative easing”, “soft landing”, etc., the experienced hands that we have had on the wheel at The Fed have been incredible and just like the Justice Dept., we need to make sure that The Fed remains non-partisan and above the political fray.