Robert Wenzel discusses his speech delivered at the New York Federal Reserve Bank; why an independent audit of gold deposited at Fort Knox is long overdue; the many Fed economists who don’t have a basic understanding of opposing schools of thought; why students of Austrian economics saw the housing bubble forming early on; how ideological tunnel-vision and ambitions for career advancement create institutional blindness at the Fed; and why all the bailed-out financial institutions are headed by Goldman Sachs or J.P. Morgan alumni.
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