Federal Reserve Independence Is a Silly Myth

President Joe Biden recently announced he is appointing Jerome Powell for a second term as chairman of the Federal Reserve. Biden said he valued Powell’s “independence.” This perpetuates a silly myth – that the Fed is an “independent...

The Most Important Fed Meeting Ever!

Federal Reserve meetings are getting to be a lot like elections. Every one is the most important one ever! This should raise some significant questions in your mind. Primarily, why do politically connected central bankers have so much influence? Think about how crazy...