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Does the Federal Reserve want independence to serve the interests of the banker class? What role has the Federal Reserve played in US politics, and how does it enable the US government's out-of-control spending? Why should the Fed be banned from purchasing assets?
Ryan McMaken and I discussed whether the Trump administration would seek Fed Chair Jerome Powell's resignation, how the Fed has enabled government spending on programs that do not benefit the American people, its role as a servant of the banker class, and whether it should be abolished. Ryan shared many important insights into the state of the US economy, the labor market, the Fed's goal with inflation, and what it all means for the US population.
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📍Connect with Dr. Steve Hanke:
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Dr. Hanke's new book "Capital, Interest, and Waiting: Controversies, Puzzles, and New Additions to Capital Theory" - https://link.springer.com/book/10.1007/978-3-031-63398-0
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