The Fed’s role has morphed over the decades – at an accelerated pace since Greenspan – from central banking to the role of central planning.
“It [The Fed] is in the business of steering the GDP, and not looking after the currency,” says financial analyst and historian Jim Grant. “In fact, it wants to debase the currency. Extraordinary.”
Check out this exclusive video with Grant, editor of the renowned Grant’s Interest Rate Observer.
Production by Bright Red Pixels.
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