Ep. 106: Treasury Secretary Bessent's Critique of the Fed's "Gain of Function"

In a recent issue of The International Economy, Treasury Secretary Bessent wrote an impressive critique of the Federal Reserve's actions since the 2008 crisis, some of which dovetail with Murphy's own earlier critiques. In this episode Murphy goes through the chief points of the article and elaborates.

Related: - https://www.international-economy.com/TIE_Sp25_Bessent.pdf  - https://mises.org/podcasts/human-action-podcast/why-fed-isnt-really-independent  - https://cdn.mises.org/understanding_money_mechanics_ with_cover_image_attached.pdf

Watch the video version of this episode here: https://youtu.be/wLAP1YgG9ss 

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