STAFF NEWS & ANALYSIS

Quasi-Critics Will Be Happy With Ms. Booth’s Book About the Fed, But Real Critics Will Not

By Daily Bell Staff – February 14, 2017

The original Federal Reserve Act dictated that, in selecting members of the Board of Governors, “The President shall have due regard to fair representation of the financial, agricultural, industrial and commercial interests, and geographic divisions of the country.” How is it, then, over 100 years hence, that the Fed has been overrun by academic economists? This critical question must be boldly addressed by the new administration and Congress.

Danielle DiMartino Booth has written a book that is highly critical of the Federal Reserve and we covered  it yesterday.

But now we have seen an article from her directly, and it provides us with a chance to comment on her analysis and insights more intimately.

Booth does NOT call