Understanding the US Treasury and Federal Reserve’s con game

Dan Sanchez of Mises Institute has this scathing post on the topic. It is on US Treasury/Fed but applies to most economies across the world.

Actually keeping all insights from Austrian school away from teaching, we all succumb to the noise around central bank independence. We don’t even question what is this independence when both the Treasury and central banks are part of the same setup. The independence bit looks like just a cover up act so that people don’t question the overall monetary operations which move from one govt dept to another seamlessly…

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: