Who Needs the Fed?: What Taylor Swift, Uber, and Robots Tell Us About Money, Credit, and Why We Should Abolish America's Central Bank

In the process, he offers iconoclastic dismissals of popular macroeconomic constructs including money supply, the multiplier, the Phillips curve, the Laffer curve, banks, stimulus, and quantitative easing."Cliff Asness, founding principal, AQR Capital Management"John Tamny has written an easy-to-read and crucial-to-know overview of the Federal Reserve today, showing how the well-intentioned actions of central bankers in fact hurt our long-term economic potential. "It's not far into John Tamny's Who Needs the Fed? that you realize all of your preconceived notions about the Federal Reserve need to be tossed out the window and forgotten. Who Needs the Fed? is an outstanding work of contrarian common sensea must read."Tom Adams, former CEO of Rosetta Stone, CEO, Workarou

True to the title What really attracted me to this book was the title, something I am in agreement with. I had not been aware of this author before reading a positive review in Forbes and the WSJ. Among other notables is a review from Andy Kessler, whom I have previously found to be obje. Jim Brown, CFA said The Fed "Prints" Money. Tamny's heart is in the right place in his advocacy of unhampered markets, but there are some conceptual errors here that need to be clarified or corrected. In this review I want to tackle one of those misconceptions, namely his contention that the Fed cannot and does n. "A Provocative, Highly-Original Look at Credit, Money and Banking" according to Robert Landry. In a triumphant sequel to his essential book Popular Economics, John Tamny has written a treatise on money and credit entitled Who Needs the Fed? What Taylor Swift, Uber, and Robots Tell Us About Money, Credit, and Why We Should Abolish America's Central Bank (Encounter

The Federal Reserve is one of the most disliked entities in the United States at present, right alongside the IRS. Americans despise the Fed, but they’re also generally a bit confused as to why they distrust our central bank.Their animus is reasonable, though, because the Fed’s most famous functiontargeting the Fed funds rateis totally backwards. The contrast between the grinding poverty of Baltimore and the abundance of Silicon Valley helps illustrate the problem, along with stories about Donald Trump, Robert Downey Jr., Jim Harbaugh (the Michigan football coach), and robots.Who Needs the Fed? makes a sober case against the Federal Reserve by explaining what credit really is, and why the Fed’s existence is inimical to its creation. This false notion has aggrandized the Fed with power that it can’t possibly use wisely. Readers