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The remarkable story of how Robert Wenzel ended up delivering a speech at the New York Federal Reserve that rocked the financial world. The Fed Flunks contains the speech he delivered, plus two other essays. In addition, Wenzel explains in The Fed Flunks just how it came about that he, a major critic of the Fed, was invited to deliver a speech at the Fed, how the event was almost sabotaged, who was at the speech and the reaction of the Fed economists there. This is a must read for anyone concerned about the US economy and anyone curious about what the Federal Reserve really does.

An important analysis of business cycle theory, what causes economic booms and busts and what options are available to combat them.