The Fed is Just Another Left-Wing “Think Tank”
February 21, 2023
Woke Democrats outnumber Republicans among Fed economists 10 to 1. Among Fed economists 40 years old and younger the ratio is 22 to 1; among female Fed economists it is 27 to 1. Brandon was right recently when he said “It’s not Milton Friedman’s Fed anymore.” “Fighting racism and climate change” seem to be the new Fed priorities. And to think that for the past century court economists have taught generations of students that the Fed is “independent” of politics. Ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha!!
Dr. Thomas DiLorenzo [send him mail] is a former professor of economics at Loyola University Maryland and a longtime member of the senior faculty of the Mises Institute. He is the author or co-author of eighteen books including The Real Lincoln; How Capitalism Saved America; Lincoln Unmasked; Hamilton's Curse; Organized Crime: The Unvarnished Truth About Government; The Problem with Socialism; and The Politically-Incorrect Guide to Economics.
Why I Miss H.L. Mencken