The Case Against the Fed

published

2011-07-09

rating

3

I wanted to get a better picture of whether there actually were problems with the Fed after seeing the conspiracy videos on the subject. The conspiracy videos really just set a tone that makes you feel like something horrible is going on without actually giving you a lot of solid evidence. It is a sort of psychological trick. This book was good for separating the facts from the fiction. Although it came late in the book, it did explicitly say that the Fed is not embezzling from the federal government. The problem, it states, is in its power to inflate the currency, which seems to be universally acknowledged. The book claims that the Fed is solely responsible for our nation's inflation. I think I agree, but I am still uncertain because I don't know why there isn't more agreement on the issue. I am worried that I am missing something with my limited knowledge of economics.