Tuesday, February 20, 2018

Thomas Sowell Agrees With Ron Paul About the Federal Reserve

Sowell is pretty good here and shocks the establishment interviewer Paul Robinson.



  1. Robert;

    What is your take on John Tamny's continued assertion (per his Forbes columns) that the Federal Reserve is completely irrelevant?

    1. I can't ever bring myself to call a reserve currency irrelevant nor the entity that exerts control over the velocity of the fiat in circulation.

      Does irresponsible currency creation water down the impact of that velocity? Sure, but never to irrelevance.

  2. Per Tamny's observation, regardless of how supposedly small the proportion of money is that flows through the Fed, how does the establishment falsify the interest rate without it?