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#12: Danielle DiMartino Booth on Why The Fed Is Bad for America

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Importance of Discipline in the Fed

Right now it kind of feels like the Fed is making policy by throwing spaghetti at the wall and seeing if it sticks. Richard Fisher was criminalized in the media in 2008 because he was dissenting. He kept saying, you know, we have a banking system to think of in this country. Do you realize the number of entities and individuals who will be unduly harmed by this policy?

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