4.8 • 3.3K Ratings
🗓️ 18 January 2017
⏱️ 32 minutes
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There's talk these days about subjecting the Federal Reserve System to certain rules in order to make monetary policy less erratic and opqaue, and to remove much of the discretion that the Fed has enjoyed over the years. Should we get behind this kind of plan, or are there pitfalls?
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0:00.0 | The Tom Woods Show, episode 828. |
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0:07.8 | Your daily dose of Liberty Education starts here, the Tom Woods Show. |
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0:29.7 | Hello, everybody. Tom Woods here. There are a bunch of Federal Reserve Reform proposals out there. |
0:36.2 | There have been proposals bandied about for years as to how the Fed |
0:40.2 | ought to be fixed or modified, and there are proposals from the populist left and from the right |
0:46.1 | and from the middle. And there are some actually that are being considered right now in Washington. |
0:52.6 | And I wanted to make sense of these and see if any of them |
0:55.6 | would actually amount to anything or be a good idea. And joining us to talk about this topic |
1:02.7 | is the author of a couple of recent articles on just that, and that's Tho Bishop, who is the |
1:09.3 | director of the Mises Institute's social media marketing, and he also |
1:13.7 | served as deputy communications director of the House Financial Services Committee. So he's got a lot of |
1:18.4 | knowledge and insider information about the way Washington works. And I thought, let's get to the |
1:26.3 | bottom of this with Tho Bishop. |
1:30.1 | Though, thanks for being here. Thank you for having me, Tom. It's a great honor. |
1:36.2 | We got some articles and interesting topics to discuss. I want to get your background first, |
1:40.6 | because it's interesting. You were with the, you were a deputy communications director with the House Financial Services Committee. I guess in the back of my mind, even though I |
1:45.3 | know you had told me that, I still had it in the back of my mind somehow you were in Ron Paul's |
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