Download Who Needs the Fed What Taylor Swift Uber and Robots Tell Us About Money Credit and Why We Should Abolish America's Central Bank full

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Federal Reserve is one of the most disliked entities in the United States at present right
alongside the IRS. Americans despise the Fed but theyre also generally a bit confused as
to why they distrust our central bank.Their animus is reasonable though because the Feds
most famous functiontargeting the Fed funds rateis totally backwards. John Tamny
explains this backwardness in terms of a Taylor Swift concert followed by a ride home
with Uber.In modern times he points out the notion of credit has been perverted so that
most people believe its money and that the supply of it can therefore be increased. This
false notion has aggrandized the Fed with power that it cant possibly use wisely. The
contrast between the grinding poverty of Baltimore and the abundance of Silicon Valley
helps illustrate the problem along with stories about Donald Trump Robert Downey Jr.
Jim Harbaugh (the Michigan football coach) and robots.Who Needs the Fed makes a sober
case against the Federal Reserve by explaining what credit really is and why the Feds
existence is inimical to its creation. Readers will come away entertained much more
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