The Greatest Myth Propagated About The FED: Central Bank Independence (Part 3)
There never has been the kind of independence supposed by orthodox economists.
There never has been the kind of independence supposed by orthodox economists.
In this blog we look at the myth of Fed independence from its creator, the Congress and from the Treasury.
It has been commonplace to speak of central bank independence—as if it were both a reality and a necessity…
Gold-standard thinking is inapplicable to a sovereign, currency-issuing government operating under flexible exchange rates.