Hello everybody and thank you for tuning into the Ron Paul Liberty Report. With us today, we have Daniel McAdams.

Daniel, good to see you today. Good to see you again, Dr. Paul. It's been a while.

You've been busy. A little bit. Holding the fort together. Well, anyway,

I want to start off with an update on the Federal Reserve.

It's in the news.

Of course, there's a meeting up there at Jackson Hole,

and there's a fight going all the time.

I've been fascinated with the fight between two interventionists

on what their interest rate should be.

But nobody is allowed to be represented by talking about,

well, maybe they shouldn't think they're smart enough to even come up with the answer

of what the interest rates should be.

But there's a new angle to it right now is because one of the members of the FOMC, the Federal Reserve Board,

has set his retirement, and Trump is getting ready to appoint a new person that would be there for several months, and then that term would run out, and they would then have to have another vote. But right now, it's a big deal because Trump is trying to line up his economic policy.

But he picked a person to take over a person by the name of Stephen Moran, and he's the

director of the Council of Economic Advisors.

And they never get a lot of play, but some of them get well known, and they get a lot of play but some of them get well known and they have a lot

of clout but most of the time they're very very conventional I mean I don't think anybody

talks about you know the difference between Keynesianism and and you know, Rothbardism.

Anyway, that's the one he's recommending.

But it's going to be a pretty good debate because I thought,

I wonder what he believes it.

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