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From the Eccles Building to Vegas: The Fed Enables the Worst Ponzi Schemes

Audio Mises Wire

Tags Central BanksThe FedTaxes and SpendingU.S. Economy

07/01/2022Doug French
Narrator: 
Michael Stack

Peter Schiff once joked that Obama should have appointed Bernie Madoff secretary of the Treasury. The government's easy money policies ultimately lead to Ponzi schemes.

Original Article: "From the Eccles Building to Vegas: The Fed Enables the Worst Ponzi Schemes"

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Author:

Doug French

Douglas French is President Emeritus of the Mises Institute, author of Early Speculative Bubbles & Increases in the Money Supply, and author of Walk Away: The Rise and Fall of the Home-Ownership Myth. He received his master's degree in economics from UNLV, studying under both Professor Murray Rothbard and Professor Hans-Hermann Hoppe.

Original Article: 
From the Eccles Building to Vegas: The Fed Enables the Worst Ponzi Schemes