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…

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