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The Free Lunch That Never Was

Yesterday, the Federal Open Market Committee once again confirmed that they are unable to normalize the federal funds rate. The Fed promised they could save us in 2008 and then reverse policy later. Seven years after the fact, that’s still not the

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Latest Twist in Audit the Fed Debate

The political firepower generated by Sen. Rand Paul’s Audit the Fed bill is now giving new attention to an alternative or potentially complimentary political response: to shift power from the New York Federal Reserve Bank to other regional Federal Reserve Banks. The