In spite of the declared “independence” of the Federal Reserve from the political control of either Congress or the White House, America’s central bank is a branch of the U.S. government that is responsible for setting monetary policy.
President Trump is reportedly considering former Godfather’s Pizza CEO and one-time presidential candidate Herman Cain for the Federal Reserve Board of Governors.
For more than two hundred years, practically all of even the most free market advocates have assumed that money and banking were different from other types of goods and markets.
John Nothdurft and Donny Kendal present episode #69 of the In The Tank Podcast. Today’s podcast features work from Reason, the Heartland Institute, and PERC.