The Fed Isn’t in Charge of the Dollar. The Eurodollar System Is.

Transcript

This idea that the Fed is some ideal technocratic institution is a modern invention that didn't show up until the 1990s. You go back and read any contemporary accounts of the Federal Reserve from anything before 1984, certainly the 70s and and earlier. The Fed was a joke. Nobody knew who the Paul Vulker, nobody who knew who he was. Nobody knew who ... Read More