​This Isn’t Your Grandfather’s Monetary And Fiscal Policy – Tyler Durden

This Isn’t Your Grandfather’s Monetary And Fiscal Policy Authored by Jane Johnson via The Mises Institute,m Does Any Daylight Exist Between Monetary and Fiscal Policy? Conventional wisdom has it that the Federal Reserve system (the “Fed”) and the US Treasury Department are two separate entities. Congress created the Fed in 1913 as a legally and financially independent federal agency, privately owned by its member banks, with no funding from the federal budget. The US Treasury, on the other hand, is an Executive-branch cabinet-level department reporting directly to the President, with funding appropriated in the federal budget. Conventional wisdom also tells…  — Continue at ZeroHedge News : Read More