1. The FED isn’t a government institution. That’s part of the problem. 2. In my opinion, a PhD doesn’t make your more qualified inherently. How often do candid

1. The FED isn’t a government institution. That’s part of the problem. 2. In my opinion, a PhD doesn’t make your more qualified inherently. How often do candidates fail their qualifying exam or defense and never return? (Hint very few). Take a step back and ask what the alternatives are? Prior to the 3rd central bank of the US the government was effectively fine. But it couldn’t print money, it had to collect it via taxes. This limited taxes and government spending. Now… it’s basically a constant tax called inflation; much of which we export.