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Before our host took his well deserved vacation, we discussed the Federal Reserve in part 1 of this 2 part series. Tonight we finish that discussion!
The Federal Reserve's track record shoiuld be a warning to us all that it has been an utter failure.
In 1933, the FDIC was created using the same pitch as was used to create the Fed - End the Run on Banks and a period of utopian economic stability will come about!
Banks still have to deal with runs, there's been multiple financial panics and deep recessions since then, and there have been more and more regulations layered on top of existing government interventions to continue to try and bring about the statist planner's vision of Utopia!
