What the Fed Can and Cannot Do

Dr. Alex Pollock argues that the Fed excels at creating inflation, financing deficits, and bailouts, but cannot prevent crises, manage the economy, or know the right interest rate. Invoking Rothbard’s dictum that “the natural tendency of the state is inflation,” he makes the case for a money the Fed can’t create, and explores how the Treasury could revive gold-backed bonds and currency.

Recorded in San Antonio, Texas, on October 23, 2026. Sponsored by Jim and Rebecca Sweet.