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The Federal Reserve and the US Economy
On the question of whether the Federal Reserve has been ruining the US economy in the 20th century, all I'll say is that the US economy has been performing at a much higher level than the economy of other advanced industrial countries. If you compare our growth with that of, of England or France or Germany, we seem to do pretty well in the spite the fact that the pernicious Federal Reserve is dragging us down. And then ironically, ironically, Andrew is a champion of Friedrich Hayek and Friedrich Hayek won a Nobel Prize in part specifically credited for his insights into how the Federal Reserve exacerbates business cycles. My question is for Andrew. Greed delusion and disdain for the week.