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This chapter delves into the Federal Reserve's critical role in managing the economy through its control of interest rates. It examines the effects of the federal funds rate on employment and inflation, while critiquing the centralization of economic power among a select few experts.

The Federal Reserve has just cut interest rates by half a point, marking its first such move in four years. In this episode of Facts, Ben dives into the immense power wielded by central banks, especially the Federal Reserve, in shaping the global economy. Explore how the abandonment of the gold standard has shifted economic control to unelected officials, granting them the authority to dictate interest rates and influence inflation. Ben breaks down the political pressures behind these critical decisions, highlighting how fiscal irresponsibility has left everyday Americans vulnerable to the whims of central bankers. So, what does this mean for your wallet?

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