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title: "“Omarova has endorsed radical proposals for government control and…"
date: 2021-11-17
source: facebook
type: Archer T. Ships shared a link.
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# “Omarova has endorsed radical proposals for government control and…

*November 17, 2021 · Facebook*

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[https://fee.org/articles/meet-the-biden-nominee-who-s-sympathetic-to-soviet-era-socialism-and-wants-the-fed-to-pretty-much-take-over-private-banking/](https://fee.org/articles/meet-the-biden-nominee-who-s-sympathetic-to-soviet-era-socialism-and-wants-the-fed-to-pretty-much-take-over-private-banking/){target="_blank"}
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"Omarova has endorsed radical proposals for government control and regulation of the banking sector. In a paper entitled The People's Ledger, she argues for a 'systematic democratization of finance' where citizens have government bank accounts with the Federal Reserve that 'fully replace---rather than compete with--- private bank deposits.' Omarova openly admits that her 'proposed reform will effectively 'end banking' as we know it.'"\
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[https://fee.org/articles/meet-the-biden-nominee-who-s-sympathetic-to-soviet-era-socialism-and-wants-the-fed-to-pretty-much-take-over-private-banking/](https://fee.org/articles/meet-the-biden-nominee-who-s-sympathetic-to-soviet-era-socialism-and-wants-the-fed-to-pretty-much-take-over-private-banking/){target="_blank"}
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