The Fed Is a Private Company

"I don't go for this line of analysis at all. It makes it sound like the problem with the fete is that it's not socialistic enough," he says. "It would be much better if we had a flat government agency running the money." The fed has to be, as rothbard put it, 'the great helmsman that's going to steer the economy through turbulent times' He adds: These people are just quacks, right? They got a degree in something, and now they want to exercise power,. But the claims they make for what it is that they think they are able to do are over the top unreasonable".