Can Congress Rein in the Fed?

Source: Law & Liberty
by Alexander William Salter

“Say what you will about Karl Marx, the man knew how to turn a phrase. His observation about history repeating itself, first as tragedy then as farce, surely applies to the ongoing failure of U.S. monetary policy. Alex Pollock’s insightful essay reminds us that the Federal Reserve faced similar challenges in the past and overcame them with a combination of economic wisdom and strong leadership. Unfortunately, both are in short supply at today’s Fed.” (09/07/22)