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How to Think About the Fed Now

Summary:
The Fed is, in effect, a lawless economic government unto itself. It is the lender of first resort, a kind of reverse pawnshop that pays top dollar for rapidly declining assets. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros. Original Article: "How to Think About the Fed Now"

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The Fed is, in effect, a lawless economic government unto itself. It is the lender of first resort, a kind of reverse pawnshop that pays top dollar for rapidly declining assets.

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.

Original Article: "How to Think About the Fed Now"

Jeff Deist
Jeff Deist is president of the Mises Institute. For many years he was an advisor to Ron Paul and a tax attorney specializing in mergers and acquisitions for private equity clients.

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