Hello and welcome to the political orphanage, a home for wanderers, thinkers, and miscreants.

I'm your host, Andrew Heaton, and today is part two of our two-part episode on the Federal Reserve.

Perhaps the institution which affects your job, house payment, and livelihood more than any other organization on the planet, particularly since the Illuminati filed for bankruptcy.

If you're someone who has on occasion watched the news and

heard about the Fed raising interest rates or clamping down on inflation or murdering the

Illuminati, this week's episode will help explain what is going on. Yesterday, we heard from

Jeremiah Johnson, who I think did a bang-up job explaining the basics of the Federal Reserve

and making a positive case for why it's good. If you're working your way backwards through the

playlist, I suggest you start with that episode first. Today, we are going to hear a counterpoint

against the Fed from Gene Epstein. He will make the case that the Federal Reserve fails at its

primary mission to stabilize the economy and keep inflation low, and that its true mission is to

fund the government outside of taxes and borrowing. Quick notes about today's interview.

I spoke to Gene prior to speaking with Jeremiah, so if it seems like I'm not asking an obvious question that Jeremiah brought up or vice versa,

that's probably why.

I probably didn't think of it at the time that I had the interview.

Also, Gene and I spoke for just about two hours, but we covered so much ground that I'm a little afraid the breadth of our chat might

overwhelm the audience, and it would be twice as long as the conversation I had with Jeremiah.

So I've cut the episode that you're about to hear down to an easily digestible hour.

I think it is more direct and a stronger episode that way. However, in the rare instances where I do

considerable editing, as I did today, I do make the raw audio available just in case anybody

is concerned that I took liberties with the editing job. You can find that raw audio in today's

episode description, but I don't really think you need to. I think the cut you're about to hear

...