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Home | Mises Library | The Fed’s Portfolio Is Nonexistent: The Fed Does Not Invest. It Destroys Investments

The Fed’s Portfolio Is Nonexistent: The Fed Does Not Invest. It Destroys Investments

Audio Mises Wire

Tags Booms and BustsThe FedBusiness Cycles

02/18/2023William L. Anderson
Narrator: 
Millian Quinteros

Economists and pundits mistakenly call the Federal Reserve System's security holdings a portfolio. It is anything but.

Original Article: "The Fed’s Portfolio Is Nonexistent: The Fed Does Not Invest. It Destroys Investments"

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Author:

Contact William L. Anderson

William L. Anderson is Senior Editor at the Mises Institute and professor emeritus of economics at Frostburg State University in Frostburg, Maryland.

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Original Article: 
The Fed’s Portfolio Is Nonexistent: The Fed Does Not Invest. It Destroys Investments