The Fed’s Alice In Wonderland Economy – What Happens Next?

‘After the president of the United States, the most powerful person on the planet is the chairman of the Federal Reserve.

Ask almost anyone on the street for the name of the U.S. president, and you’ll get a quick answer.

But if you ask the same person what the Federal Reserve is, you’ll likely get a blank stare.

They don’t know – partly due to the institution’s deliberately obscure name – that the Fed is really the third iteration of the country’s central bank. Or that the Fed manipulates the nation’s economic destiny by controlling the money supply.’

Read more: The Fed’s Alice In Wonderland Economy – What Happens Next?

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