There are many excellent, capable public servants at the Fed who have served our Nation well and are currently serving our Nation well. But, a critical examination of the last 100 years of the Fed's actions reveals a mixed bag at best. And, most recently, we have seen a radical departure from the historic norms of monetary policy conduct, from an unprecedented use of Section 13(3) exigent powers to select intervention in distinct credit markets, to the facilitation of our unsustainable national debt, to a blurring of the lines between fiscal and monetary policy, all of which presents large...
There are many excellent, capable public servants at the Fed who have served our Nation well and are currently serving our Nation well. But, a critica...