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Who Runs the Fed?
The Federal Reserve model undermines economic well-being by concentrating power—and therefore wealth and income—in fewer and fewer hands.
The Federal Reserve model undermines economic well-being by concentrating power—and therefore wealth and income—in fewer and fewer hands.
Bill Clinton after signing the Financial Services Modernization Act in 1999. Photo: Justin Lane/The New York Times/Redux The conventional wisdom has held that economic policy was a great success under Bill Clinton in the 1990s and a failure ever since. …