MIG Reports data shows recent online discussions about economic hardships with inflation as a critical point of anxiety. Several key topics are frequently discussed among Americans as they react to their current economic struggles.

Many Americans are feeling significant cost increases day to day—particularly for essential items like food, gas, and housing. A lot of people point out this inflation disproportionately affects the middle and lower classes. Sentiment is frustration with anxiety about financial stability and the future.

Top Concerns for Americans

One of the big worries voters discuss is taxation. There is growing frustration about the fairness of the current tax system. Some critics—often on the left—say it favors the wealthy and large corporations at the expense of the middle class.

Higher taxes, particularly under Democratic policies, make people feel burdened as they are already struggling. Both working-class Democrat voters and right leaning voters have complaints about taxes on the middle class.

Employment and job security are also significant themes. People worry about corporations outsourcing American jobs, as in the case of Zoom cashiers in New York City. They also talk about the impact of union policies on job availability for blue collar workers.

Job concerns are intertwined with fears about the sustainability and dignity of the American middle-class workforce. Many middle- and working-class Americans worry about losing their jobs or not being able to find a job.

High inflation remains a top concern as well. Voters believe inflation rates are unacceptable and unsustainable. The rising cost of living, particularly groceries and housing, puts a significant strain on household budgets.

High interest rates also create a barrier for most Americans to purchase homes. This further adds to economic anxiety. Many voters also express displeasure with high gas prices, which have a cascading effect on their overall cost of living.

Dissatisfaction with Bidenomics

American families feel frustration, distrust in leadership, and a desire for change. Trump supporters are particularly vocal about reversing current policies they believe are detrimental to the economy. They dislike Biden policies they see as affecting fuel prices and border security.

Many argue Biden administration policies are increasing economic strain by exacerbating inflation and increasing layoffs. There is a distinct shift among some undecided voters and potential Biden defectors. They express sharp dissatisfaction with how Biden has handled the economy.

Talk about tangible economic outcomes which a second Trump administration might bring is increasing Trump’s support. Exasperated voters reminisce about the successes of his previous administration. They cite lower taxes, reduced regulation, and economic growth and appear to be attracting undecided voters and others dissatisfied with Biden.

Another positive discussion point is Trump’s proposal to exempt tips from tax. Many Americans hope for a return to policies that benefit the middle class. They want leaders who will address specific pain points like inflation and job security.

Conversely, Biden’s support drops with any spotlighting on his economic failures. Reminders of persistent inflation, high taxes, and a poor job market disheartens voters about his capability to manage the country's economy.

Stressing the immediate and visible impacts of pressing economic issues on everyday life resonates with those feeling the pinch in their own finances.

The trend of job report numbers consistently being revised down is revealing a worse job market to Americans who are unhappy. Many feel deceived by the initial reports indicating a more robust job market, only for them to be corrected later to reveal a less optimistic reality—which more closely aligns with many workers’ experiences.

There is a growing sense of distrust and frustration towards the agencies and media sources reporting current job figures. People feel misled and uncertain about the true state of the job market, which complicates personal and financial planning.

JUST IN: The unemployment rate has ticked up to 4.1%, going over 4% for the first time since November 2021.

- 74% of jobs added last month came from government and healthcare education.

- May jobs were revised down from 272K to 218K.

- April jobs were revised down from 165K to… pic.twitter.com/gHtXhW9EtP

— Collin Rugg (@CollinRugg) July 5, 2024

Anger Over Job Growth Only in Government

One viral topic around jobs includes news that most of the new job creations were government and education jobs. For many Americans, this has multiple implications on their perception of economic health and labor market dynamics.

In general, reactions are negative. Many interpret this as a sign of an economy relying too much on government intervention rather than private sector growth. They say it’s indicative of a stagnant private sector that is being choked by inflation and regulation.

Government employment is typically considered more stable, implying a potential increase in job security for those lucky enough to secure these roles. However, an economy heavily tilted towards government employment makes many workers feel that unnecessary jobs are being artificially created instead of driven by private sector growth.

Some also claim these government jobs are created specifically to pad job numbers.

This is how the Biden Department of Labor is fudging the data now: all job openings are government. pic.twitter.com/udxQSeKj0f

— zerohedge (@zerohedge) July 2, 2024

Many people are doubtful about the sustainability and impact of government job creation. They say an increase in government jobs does not create a healthy, flourishing economy. They also point out the rising unemployment rates among certain demographic groups, questioning the effectiveness of the administration's policies.

Arguments Over “Black Jobs”

A particularly contentious point of conversation is around employment for black Americans. During the first presidential debate, Donald Trump used the term to underscore issues like job displacement due to illegal immigration or underemployment in black communities.

On social media, this controversy led to heated debates over terms like "black jobs" and "black unemployment," illustrating the divide in how different groups interpret and discuss labor market outcomes. Democrats and progressives took the opportunity to criticize Trump for differentiating “black jobs” in their own category.

Republicans mostly reacted by highlighting the rise in black unemployment rates over the past year, despite reported overall job growth. They allege the gains in government jobs are not translating into meaningful employment opportunities for black workers.

Voters on the right argue Trump’s main point was to highlight unemployment specifically within the black community. They assert discussing "black jobs" is merely a way to highlight employment opportunities and challenges faced by black Americans, akin to other demographic-specific economic indicators.

Preferences for the Trump Economy

Trump supporters of all racial and ethnic backgrounds express a strong belief that the job market was at its peak during Trump’s administration. They especially point to black unemployment rates. They cite figures showing black unemployment hit a record low of 5.3% in 2019 under Trump. These supporters often frame their arguments around the belief that illegal immigration is undercutting job opportunities for black Americans.

They maintain that Trump’s administration ushered in significant gains for minority employment, despite sharp rises in unemployment during COVID. To conservatives, Biden’s tenure has not continued these successes. They say economic recovery, especially for black Americans, has been dismal.

Conversely, Biden supporters and liberals accuse Trump and his constituents of using racially charged rhetoric to pit black Americans against immigrants. They point to the record lows in black unemployment achieved under Biden administration in 2023 as evidence that Biden is improving the job market for black Americans.

Democrats highlight investments in infrastructure and historically Black colleges and universities (HBCUs) as part of a broader strategy that includes focusing on economic development and community welfare. Many liberal voices decry the term “black jobs” as racially insensitive and misleading. They emphasize that job creation and employment statistics should not be segregated by race.

MIG Reports studied voter conversations about the U.S. debt interest topping $1 trillion for the first time. Several topics around fiscal and monetary policies and inflation show a possible cascading effect on sentiment for Americans. People are generally pessimistic and lack confidence in proposals to address national debt.

Discussion Trends

National debt reaching $1 trillion is causing widespread online discussion, highlighting voter preferences for President Trump’s economy versus President Biden’s. People sense economic tension and express dissatisfaction. Many frequently mention inflation, taxation, and rampant government spending.

Discussions reflect a pervasive belief that current economic policies are ineffective. The debate on social services funding, such as Medicaid and welfare, further underscores a polarizing view on fiscal responsibility and societal support systems. Increased engagement on federal debt issues, quantified by a spike in social media interactions, marks a notable rise in public concern.

Sentiment Trends

Public sentiment towards political leadership amid these economic discussions is predominantly negative, especially towards President Biden. Voters criticize him for policies they believe exacerbate financial hardships for lower- and middle-income families.

Many Americans blame "Bidenomics" for rising cost of living and inflation. In contrast, views about Trump’s economy are mixed. A lot of Americans praise his pre-pandemic economic policies, while others criticize their long-term impacts.

Discussions suggest a bipartisan disillusionment with modern economic management. Debt interest worries intensify broader fears about economic hardship and fiscal uncertainty. This overall environment contributes to negative sentiment towards the Biden administration and all national leadership.

Negative sentiment extends to specific sectors like education and healthcare and often serves as a political lever, with voters criticizing both Parities for their roles in the mounting debt. The negativity has led to a 30% rise in discussions about national debt and interest payments in recent months.

The National Debt Ceiling

The issue of the U.S. federal debt interest surpassing $1 trillion reveals concerns about fiscal responsibility and economic stability. Surges in online conversation reveal public anxiety over America’s financial situation, particularly in light of recent legislative actions.

Sentiment about the federal debt milestone is predominantly negative. Liberals tend to criticize former President Trump and conservatives blame President Biden for contributing to the escalating national debt. However, there is also bipartisan dissatisfaction among many who have critiques for economic policies on both sides of the aisle.

President Biden faces backlash for his current ineffective economic policies and many also blame Trump's tax cuts and out-of-control spending, emphasizing the federal debt interest as a key indicator of economic instability.

Discussions often link the $1 trillion interest payment to broader economic conditions like rising expenses, inflation, and stagnant wages, highlighting frustrations over fiscal mismanagement and its impact on living costs and financial strain.

Headlines about the May CPI report laud no movement as a sign the economy is improving. Reports also urge consumers to spend into the economy, despite Americans insisting they don’t have extra cash to spend.

Headlines are exclaiming a better-than-expected CPI report, but many people are focused on specific economic and financial issues directly impacting their quality of life this year. This includes things like taxes, investments, and government spending.

The mention of CPI in hashtags shows people view it as a key indicator of inflation trends. However, the overall sentiment implies voters have reservations about whether these measurements truly reflect their financial experiences and economic realities.

Headlines reporting a positive CPI report seem to bolster slightly increased national sentiment toward the economy and inflation. But online conversations are severely negative about the cost of living—especially housing prices. This is something Americans are considering heavily in their voting decisions. These voters appear to be predominantly middle-class homeowners or prospective homeowners who are hard-hit by rising property prices and high interest rates.

The U.S. Housing Market

Talk about the housing market focuses on high interest rates, which contributes to inflation and reduces people's capacity to afford homes. Americans voice a desire for home prices to be reduced to levels that are affordable even amidst high interest rates. This sentiment is often accompanied by skepticism about the likelihood of significant rate cuts happening before any kind of price correction.

Online discussion suggests there is a lack of faith in government or Federal Reserve interventions aimed at curbing inflation. There’s also negativity about the fact that housing is one of the most significant expenses in the average household. It seems many Americans believe low home prices due to high-interest rates might eventually happen, but not in the immediate future.

Many feel the current economy presents an adverse economic climate which strangles the affordability of homes. High interest rates are a particular pain point, preventing many from purchasing homes and increasing demand for renters leading to elevated shelter costs across the board.

Property Taxes

There is also significant discussion about property taxes, calling them a “scam.” This particularly applies to homeowners who have paid off their property. This group argues property tax undermines the concept of ownership. Some say property taxes enhance the value of properties and are essential to maintaining public facilities—but most homeowners tend to feel negatively about property taxes.

Crypto Investments

Cryptocurrency investments have also become a topic of conversation with news of the May CPI report. Conversations suggest a changing economic climate where individuals may be investing more in cryptocurrency and related ventures. Reports of a Bitcoin price jump and increased Bitcoin buys with the CPI numbers have crypto investors suggesting lowered inflation is causing crypto excitement.

Income Tax

Complaints about taxes are not limited to property taxes. Voters complain about the taxes on tips for service workers, debating its fairness. They also wonder whether tips should be considered income or gratitude gifts. Some show disgust towards people who do not pay taxes despite benefiting from government services, hinting at increased frustration over border security and taxpayer funding for illegal immigrants.

Taxpayer Dollars Misused

People also complain about the misuse of tax money in terms of allegations of fraud and misappropriation. There is concern over government-funded programs like the Frontline Worker payment program in Minnesota. This reflects a general discontent and demands for better accountability in public spending.

Elizabeth Warren's call for the Federal Reserve to cut rates has sparked responses from Americans on the left and the right. Most perceive her actions and recent press release as overly progressive or socialist leaning. Those who support her measures want to find greater means of reaching economic equality.

Overall, sentiment towards Elizabeth Warren's economic policies, tax platform, and desire for rate cuts are largely negative. Most voters react with skepticism and opposition, which can be seen in many of her tweets that get significantly ratioed.

If we tax the rich, we can fund opportunity for all.

— Elizabeth Warren (@ewarren) June 10, 2024

Warren’s Rate Cut Proposal

U.S. Senators Elizabeth Warren, Jacky Rosen, and John Hickenlooper wrote to Federal Reserve Chair Jerome Powell, urging him to lower the federal funds interest rates from their current high of 5.5%. They argue high rates are worsening the housing and auto insurance costs, which are key drivers of inflation. They believe rates are widening the economic gap between the U.S. and Europe, where central banks are cutting rates.

Warren asserts the Fed's policy is not reducing inflation as intended but is instead harming the economy and risking a recession.

Many Americans seem to believe current high interest rates benefit the wealthy and are detrimental to average citizens. However, most online discourse doesn’t specifically mention Warren’s call for rate cuts. This could indicate either a lack of understanding of the direct impact of federal interest rates on citizens’ daily lives or lack of interest in the topic.

• Warren’s overall approval dipped to 38% in the last few days with an increase in her online mentions.
• Approval for Warren on the topics of banking, the economy, and taxes are also dismal, falling as low as 32% for banking and 31% for taxes in the last two weeks.

Opinions of Warren’s Policies are Mostly Partisan

Many Americans discuss the potential impacts of a Fed rate cut, discussing whether it would remedy the economic strain citizens are feeling. Liberals generally support rate cuts, arguing for economic stimulus. Republicans and the fiscally conservative tend to be wary that artificially low interest rates will worsen runaway inflation.

Arguments Supporting Rate Cuts

• Liberals say lowering interest rates could stimulate economic activity by making borrowing cheaper for businesses and consumers, potentially leading to increased investment and spending.
• Reduced mortgage rates would likely encourage more home sales and purchases.
• High interest rates do not address the underlying causes of rising auto insurance costs, but lower rates could ease financial conditions for consumers facing these expenses.
• With other major central banks cutting rates, lowering U.S. rates could help prevent the dollar from strengthening too much, which can tighten financial conditions domestically.
• High interest rates risk pushing the economy into a recession, leading to job losses and business closures. Lowering rates could mitigate this risk and support job growth.

Arguments Against Rate Cuts

• Conservatives tend to say high interest are more effective at controlling inflation. Lowering rates risks worsening inflationary pressures, undermining efforts to stabilize prices.
• Maintaining higher rates could contribute to long-term economic stability by preventing overheating and speculative bubbles in asset markets, including housing.
• Higher interest rates benefit savers by providing better returns on deposits and fixed-income investments, which is important for retirees and others relying on interest income.
• Sudden changes in monetary policy can create uncertainty and volatility in financial markets, potentially destabilizing investment environments
• While other central banks are cutting rates, maintaining relatively higher rates in the U.S. can attract foreign investment, supporting the dollar and providing a buffer against global economic shocks.

The Political Divide on Economic Issues

More conservative and libertarian voters vehemently oppose Warren's proposals. They fear her approaches lean socialist or communist. They argue government involvement should be minimal and the Fed has little power to improve the economy.

They fundamentally disagree with the Federal Reserve controlling capital or being involved in “handing out” opportunities. They see Warren's actions as promoting over-dependence on government, which in their view contradicts their understanding of personal responsibility and paves the way toward an unsustainable economic system.

Liberal voter opinions on Fed policy are more difficult to discern. It appears there is segment of voters who support Warren's call for lowering rates, although they do not or cannot discuss the intricacies of the policy or why it would be beneficial. Among them, some voters in Michigan seem appreciative of her progressive stance. This group advocates government intervention to balance power dynamics and believes that equity of outcome should be a primary economic objective.

Overall, Warren's call to cut rates has prompted polarized reactions. Critiques correlate her call to socialist or communist principles, advocating for smaller government and personal responsibility. However, there are supporters who want economic equality and justice by any means.

Since Governor Gavin Newsom enacted a $20-per-hour mandate for fast food employees in April, California has lost 10,000 jobs and numerous franchises closed locations. MIG Reports analysis show distinct disapproval from Californians in their discussion of Newsom.

• In 2024, Gavin Newsom’s approval on the economy is trending downward, currently at 35%, which is 7 points below his six-month average of 42%.

Economic Issues

• Public sentiment is highly negative about the wage mandate's impact on fast-food jobs in California, blaming Governor Newsom's policies.
• Californians are discussing their desire for lower taxes as the current tax rates as detrimental to businesses and leading to job losses like the 10,000 fast-food employees.
• Newsom is perceived as ineffective in managing the state's economy and addressing the needs of lower-income families, leading to feelings of disenfranchisement.
• Concerns include increasing crime rates, high costs of living, and more people leaving the state. These make it difficult for many to afford essentials like fuel, food, utilities, and medication.

Fiscal Policy

Governor Newsom’s name is mentioned frequently and mostly negatively. Most Californians criticize him for how he handles the state's budget and transforming a surplus into a deficit.

Some voters interpret California's large budget deficit as contributing to the loss of 10,000 fast food employees. There isn't a specific emphasis on the wage mandate, but complaints are often tied back to overall economic mismanagement.

Many California residents complain about the cost of living, prices for gas and food, and a decrease in their savings. They directly point to the governor's policies as a reason for these changes.

Overall, Californians seem to distrust Governor Newsom, which seems largely due to his financial decisions. People are voicing their frustrations about the state's budget deficit and the perceived negative impact of Newsom's economic policies on their personal finances.

Sentiment about the overall economic health of the state is negative. Voters express concerns over job loss, increased living costs, and overall poor management of California's economy.

There is also a sense of exasperation, as people feel their concerns and hardships are not being addressed. They urge Newsom to "sit down” and get in touch with the people.

People are frustrated and dissatisfied with Newsom's leadership and many call for fresh leaders who can manage the economy better.

Recent reports of increasing credit card debt and delinquencies are indicative of continuing economic hardships for Americans. Debts are reaching higher highs in quarterly reporting for both Q4 2023 and Q1 2024. Specifically, delinquency is increasing for maxed‑out borrowers. There’s a feeling of unavoidability towards debt in MIG Reports data, which also shows increased discussions over time with a decrease in sentiment.

On the topic of personal finances, which includes credit card debt and late payments, there are numerous viewpoint trends and demographic patterns.

What Americans Are Saying

Discussion trends mainly orbit around the surge in prices, especially for consumer goods like food and fuel. Most Americans say these significantly contribute to their financial distress. Inflation realities, rising housing prices, and cost of living are prominent in these discussions.

Terms like “inflation” and “corporate greed” frequently appear in voter discussions, indicating dissatisfaction with the current economic situation under Biden’s administration.

General sentiment within these discussions leans negative. Most people express frustration, anxiety, and dismay over rising costs. They also decry the lack action by corporations and the president.

A noteworthy pattern across multiple discussions is the relationship between price rises and political leadership. Many voters routinely blame the political establishment for their financial woes – especially the current administration. However, a very vocal segment of voters denies any correlation between the two.

Demographic Trends

Rising costs and financial struggles are a common conversation across age groups and socioeconomic status. Detailed nuances between demographic patterns aren't explicitly clear from the data. However, recurring references to Joe Biden and swing states, suggest a potential geographic pattern of swing state voters feeling a greater impact from rising prices.

There are many mentions of credit card debt rising, indicating Americans’ increasing reliance on credit to manage their expenses. Late payments on car loans, rent, or mortgages, indicate increased financial distress for many demographic groups.

Those in lower-income brackets or in precarious work situations might be hit harder by the rising costs of essential items like food and energy. Similarly, demographics living in areas where housing prices are falling, amid an inflationary economy, may find themselves struggling with contradictory economic pressures more than their counterparts in other states.

Consumers sometimes blame corporate greed for price hikes, linking increased profit margins for large supermarkets to inflation. This is also a talking point frequently presented by the Biden administration, suggesting voters should place more blame on corporations than on politicians. Others feel increased prices are a result of improved quality, indicating a split in sentiment regarding the cost of goods.

Red Lobster’s sudden bankruptcy announcement and restaurant closures sparked various reactions from American diners. People express disappointment, nostalgia, and overarching economic concerns. MIG Reports explores sentiments, demographic patterns, topics of conversation, and potential third-order effects resulting from the news.

What Americans Are Saying

Disappointment and Nostalgia

Many Americans shared memories and emotional attachments to Red Lobster, often tied to family gatherings and special occasions. Red Lobster is often seen as a staple of Americana, and its closure is perceived as the loss of a cultural icon.

Economic Concerns

There's significant concern about the employees who will lose their jobs, many of whom are part-time workers, students, or from lower-income backgrounds. Communities where Red Lobster restaurants were a significant employer or attraction are worried about the broader economic impact on small local businesses that relied on Red Lobster for foot traffic.

Corporate Responsibility

Some criticize the corporate decisions leading to Red Lobster’s bankruptcy, discussing how closures could have been mitigated. There are calls for the company to support displaced workers through severance packages or job placement programs.

Consumer Choice and Dining Options

Some consumers express concern over their dining options shrinking, particularly in smaller towns where Red Lobster might have been one of the few sit-down restaurants. Many are also discussing possible alternatives, such as other seafood restaurants or different types of cuisine.

Demographic Group Reactions

Age Groups

Older adults, particularly Baby Boomers and Gen X, express more nostalgia and emotional attachment to Red Lobster. Millennials and Gen Z are more focused on the economic implications and job losses.

Geographic Distribution

Urban areas have more dining alternatives, so the impact is less severe. Rural areas show greater concern due to fewer dining options and more significant local economic impact. Coastal areas, where seafood is a more significant part of the local diet, are particularly affected.

Socioeconomic Status

Lower income groups are concerned about job losses and economic impacts on their communities. Those who already struggle to afford food may also lose their jobs if more businesses continue to close. Middle to upper income groups are more focused on the nostalgic and cultural loss.

Potential Third-Order Effects of Red Lobster’s Bankruptcy

Shifting Dining Trends

One hope that some express over a chain like Red Lobster closing is the potential increased patronage for local, independent seafood restaurants. Other dining establishments may gain Red Lobster customers, leading to a potential boost in local businesses. Consumers may also shift towards cooking seafood at home due to rising restaurant costs, boosting sales in grocery stores and seafood markets.

Labor Market Adjustments

Displaced workers will increase competition in the job market, particularly in the food service and hospitality industries. Workers may seek to diversify their skills, leading to an uptick in enrollment in vocational training programs.

Community and Economic Development

Heavily impacted communities might focus on diversifying their local economies to reduce dependence on any single employer. There may be increased demand for social programs and community support initiatives to help displaced workers and their families.

Corporate Reputation and Consumer Trust

The abrupt closure may lead to a loss of trust in corporate chains, pushing consumers towards businesses perceived as more stable and community focused. Former Red Lobster patrons may transfer their loyalty to other brands, impacting the competitive landscape in the food service industry.

Kentucky Rep. Thomas Massie recently garnered attention by introducing a bill aimed at abolishing the Federal Reserve, calling it the "End the Fed" bill. The bill sparked a range of reactions among voters and political commentators.

A poll Massie posted on X attracted more than 115,000 participants with 86.6% responding in favor of ending the Federal Reserve. Massie’s announcement of his bill the following day then sparked energy and excitement among anti-establishment voters.

Should I introduce a bill to abolish the Federal Reserve?

— Thomas Massie (@RepThomasMassie) May 15, 2024

Arguments Against the Federal Reserve

Many Americans argue abolishing the Federal Reserve (Fed) would restore economic control to individuals and states. There is a strong wish that ending the Fed would also lead to the abolition of federal taxes, allowing states to manage their own financial affairs better.

Much of the conversation centers on the idea of returning to the gold standard, suggesting many supporters believe in the intrinsic value of gold over fiat currency. Vocal cryptocurrency supporters also frequently speak up in favor of abolishing current financial systems, including the Federal Reserve.

Some voters draw parallels between the current financial system and historical examples of debased currencies, say it reminds them of, “Rome nipping off pieces of silver from every tax coin."

Support for Massie’s End the Fed Bill

Libertarians and fiscal conservatives form a significant base of support for Massie's bill. These groups have long criticized the Federal Reserve for its role in monetary policy, which they believe contributes to inflation, economic instability, and undue government influence over the economy.

Most libertarians see the Federal Reserve as an unconstitutional entity which distorts free-market economics. They draw parallels between Massie and Ron Paul, a former congressman known for his staunch opposition to the Fed.

There are vocal accusations that the Fed only serves the interests of the wealthy elite at the expense of ordinary citizens. Many also feel completely helpless and at the mercy of runaway inflation – a subject which plays into larger negative sentiments about the economy and jobs.

Massie's supporters often express disillusionment with the Federal Reserve's recent actions, such as printing stimulus checks and raising interest rates. They see the bill as a necessary step in addressing what they perceive as financial mismanagement and economic manipulation.

Apprehension About the Bill’s Practicality

While some moderate conservatives are sympathetic to the notion of reducing Federal Reserve power, they express concerns about the practical implications of abolishing the institution.

This group questions what would replace the Federal Reserve and who would manage interest rates and monetary policy in its absence. Rather than total abolition, they advocate for significant reforms to increase transparency and accountability within the Federal Reserve.

Those who express skepticism or seek further clarification about the implications of abolishing the Fed frequently ask questions like:

• "What will Ending the Fed do?"
• "Who would set interest rates after the Fed is abolished?"

These voters are not necessarily opposed to Massie's proposal but are concerned about the practicalities and potential fallout of dismantling such an entrenched institution.

Opposition to Ending the Fed

Many voters who support government institutions are deeply skeptical or outright opposed to the "End the Fed" initiative. They often cite concerns about economic stability and the lack of viable alternatives.

This group fears abolishing the Federal Reserve could lead to economic chaos. They argue that while the Federal Reserve is not perfect, it plays a crucial role in managing the economy.

However, some critics emphasize the need for a more informed debate on the issue. They suggest proponents of the bill lack a deep understanding of economic history and the complexities of monetary policy.