ACC Archives

Tag: Fed
How the Fed Keeps Us from Winning the Race Against Inflation

What do you get when you have a dual mandate to foster maximum employment and price stability and interpret that as a need to continuously expand the money supply regardless of any long term economic benefits and a belief that...

The Idea That the Fed Is ‘Independent’ Is Absurd

The Federal Reserve is the prime mover of crony capitalism and the Fed chair is arguably the second most powerful person on earth. But he’s not the most powerful, that is still the US president. (Most of the time.) (From...