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But Gene Epstein Hates the Fed

The Political Orphanage

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The Federal Reserve: A Critical Examination

This chapter analyzes the performance of the Federal Reserve since its founding in 1913, questioning its effectiveness in stabilizing the economy amid recurring boom and bust cycles. It discusses the consequences of the Fed's monetary policies, particularly regarding interest rates and economic bubbles, with a focus on the housing market crisis. The conversation ultimately critiques the need for government intervention in monetary policy and raises concerns about the implications of rising national debt and potential inflation.

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