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Congress should fire Powell and abolish the FED

Author
Mana Bond Limited
Published
Wed 13 Nov 2024
Episode Link
https://podcasters.spotify.com/pod/show/mana-bond-limited/episodes/Congress-should-fire-Powell-and-abolish-the-FED-e2qu71h

The episode is avout the article, published on Mises Wire, that argues that Congress should fire Jerome Powell, the chairman of the Federal Reserve, and abolish the central bank. The author, Ryan McMaken, argues that the Fed has never used its supposed "independence" for the public good, but rather to enrich the banking class and the government. McMaken believes that Congress should restore political control over the Fed by prohibiting the central bank from purchasing assets and manipulating interest rates, and abolishing its "maximum employment" mandate.

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