The Fed Under a Microscope

Steve Horwitz, an economist from St. Lawrence University in New York, says the Fed is under increasing scrutiny as it plays a larger and more sweeping role in trying to shape the economy. “In the 25 years since I’ve been studying central banking and competitive alternatives, there’s never been so much attention on the Fed as there is right now, and there’s never been so much critical attention,” says Horwitz.

The economist favors a diminished role for the Fed, possibly even including its abolition. He discusses his views with Nick Gillespie from Reason TV.

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