The Failure of the Fed
Hoover Institution Senior Fellow Dr. Thomas Sowell is adamant that since the financial crisis of 2008 the Federal Reserve has been an abject failure. “By keeping the interest rates low, they’re for example depriving a whole generation a decent return on money that they saved, which would normally go into the market place and earn them a decent rate of interest,” Sowell tells Peter Robinson of Uncommon Knowledge. “But now the Federal Reserve is keeping the interest rate low, so they won’t get it.” Tune in as Sowell elaborates on the Fed and corrects a common misconception of the Great Depression on this edition of Liberty Pen.
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