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Nomi Prins: The Left/Progressive Case Against the Fed

  • Nomi Prins on Mises Weekends

Tags The FedFinancial MarketsMoney and Banks

10/28/2016Nomi PrinsJeff Deist

Our guest this weekend is Nomi Prins, a prolific writer and speaker on the subjects of central banking, financial markets, and Wall Street cronyism. She is a former managing director at Goldman Sachs and Bear Stearns, but left investment banking to speak out against what she perceives as global financial malfeasance by commercial, investment, and central banks. Nomi is a dedicated progressive who supported Bernie Sanders, but she's also a harsh critic of the Fed and sympathetic to Austrian depictions of malinvestment and artificially-created bubbles.

Nomi and Jeff discuss the role of central banks in creating an unworthy financial elite, the revolving door between the Treasury Department, the Fed, and banks like Goldman Sachs, how the Fed is necessarily and unavoidably political, how central banks historically have financed interventionist wars, and how the Fed could be the great populist issue that further unravels the Left/Right paradigm.

Learn more about Nomi at NomiPrins.com.

Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.
Authors:

Nomi Prins

Nomi Prins is a renowned journalist, author and speaker. Her latest book is Collusion: How Central Bankers Rigged the World, an expose of how the 2007-08 financial crisis put more power in the hands of monetary elites. Her website is NomiPrins.com.

Contact Jeff Deist

Jeff Deist is president of the Mises Institute. He previously worked as chief of staff to Congressman Ron Paul, and as an attorney for private equity clients. Contact: email; Twitter.

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