Establishing sound money is among the most cryptic, and yet most important, economic responsibilities of the federal government. To the detriment of economic growth, the Federal Reserve has been destabilizing the monetary system for many years. For an excellent, and approachable, explanation of how the Federal Reserve is failing the U.S. economy see this blog post¬†titled “Our Unhinged Fed” by George Selgin, Senior fellow and Director of the Center for Monetary and Financial Alternatives at the Cato Institute and Professor Emeritus of Economics at the University of Georgia.

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