Make the Fed Have One Job Again
Fergus Hodgson, November 25, 2019
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A lot of dysfunctions within America’s economy can be traced back to the Federal Reserve’s heavy hand in setting interest rates and tweaking the money supply.
Danielle Dimartino Booth, CEO of Quill Intelligence and former advisor to the Dallas Fed, believes the US central bank lost its way in the 1970s when Congress tasked it with ensuring both maximum employment and price stability.
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Instead, she argues the Federal Reserve should have a single goal—keep inflation low—and must allow the business cycle to run its course.
Recommended Links
- Connect with Danielle on Twitter or Facebook and visit Quill Intelligence.
- Watch her presentation at the 2019 New Orleans Investment Conference.
- Get her book, Fed Up: An Insider’s Take on Why the Federal Reserve Is Bad for America.
- “World Dollar Liquidity Crashes as Does Marginal Utility of Debt,” Money Maven.
- “The Fed Needs Its Wings Clipped,” Epoch Times.
- “Competitive Currencies Can Check Fed Privilege,” Epoch Times.
If You Liked This Episode
- “Ex-Federal Reserve Insider Speaks Out,” Gold Newsletter Podcast.
- “How the Fed’s Low Rates Became an Addiction,” Gold Newsletter Podcast.
- “How Modern Monetary Theory Exacerbates Inequality,” Gold Newsletter Podcast.
- “China Prepares for Dollar Collapse, Hoards Gold,” Gold Newsletter Podcast.
Fergus Hodgson is Gold Newsletter’s roving editor. Follow him on Twitter and Facebook.