Fed Independence? – OpEd

Ideally, there should be no such thing as the Federal Reserve System. The Fed should not have been created in 1913, and should be disbanded right now. End the Fed! This organization is nothing more and nothing less than a central planning bureau for interest rates, employment, and inflation (of late, it has expanded its mandate to include climate change and social equity issues as well).

Evidently, we have not yet fully incorporated the lessons about central planning we should have learned...