{"product_id":"who-needs-the-fed-what-taylor-swift-uber-and-robots-tell-us-about-money-credit-and-why-we-should-abolish-americas-central-bank-hardcover","title":"Who Needs the Fed?: What Taylor Swift, Uber, and Robots Tell Us about Money, Credit, and Why We Should Abolish America's Central Bank - Hardcover","description":"\u003cp\u003eby \u003cb\u003eJohn Tamny\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003eThe Federal Reserve is one of the most disliked entities in the United States at present, right alongside the IRS. Americans despise the Fed, but they're also generally a bit confused as to why they distrust our central bank. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eTheir animus is reasonable, though, because the Fed's most famous function--targeting the Fed funds rate--is totally backwards. John Tamny explains this backwardness in terms of a Taylor Swift concert followed by a ride home with Uber. \u003cp\u003e\u003c\/p\u003eIn modern times, he points out, the notion of credit has been perverted, so that most people believe it's money and that the supply of it can therefore be increased. This false notion has aggrandized the Fed with power that it can't possibly use wisely. The contrast between the grinding poverty of Baltimore and the abundance of Silicon Valley helps illustrate the problem, along with stories about Donald Trump, Robert Downey Jr., Jim Harbaugh (the Michigan football coach), and robots. \u003cp\u003e\u003c\/p\u003e \u003ci\u003eWho Needs the Fed?\u003c\/i\u003e makes a sober case against the Federal Reserve by explaining what credit really is, and why the Fed's existence is inimical to its creation. Readers will come away entertained, much more knowledgeable, and prepared to argue that the Fed is merely superfluous on its best days but perilous on its worst.\u003cbr\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003eJohn Tamny is the Political Economy editor at \u003ci\u003eForbes\u003c\/i\u003e, editor of \u003ci\u003eRealClearMarkets\u003c\/i\u003e, a senior economic adviser to Toreador Research \u0026amp; Trading, and a senior economic fellow at Reason Foundation. He is a weekly panelist on \u003ci\u003eForbes on Fox\u003c\/i\u003e, and his columns have appeared in the \u003ci\u003eWall Street Journal, Investor's Business Daily, National Review\u003c\/i\u003e, the \u003ci\u003eFinancial Times\u003c\/i\u003e, and London's \u003ci\u003eDaily Telegraph\u003c\/i\u003e. His first book was \u003ci\u003ePopular Economics: What the Rolling Stones, Downton Abbey, and LeBron James Can Teach You about Economics.\u003c\/i\u003e Tamny and his wife, Kendall, live in Washington, D.C.\u003cbr\u003e\u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 224\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.9 x 9.1 x 6.3 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e May 24, 2016\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":51771044757792,"sku":"9781594038310","price":25.99,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0974\/9764\/5344\/files\/2323f78a640f743e4cafc9ed6e6284e9.webp?v=1780382433","url":"https:\/\/ebocreations.com\/products\/who-needs-the-fed-what-taylor-swift-uber-and-robots-tell-us-about-money-credit-and-why-we-should-abolish-americas-central-bank-hardcover","provider":"The E-Book Oasis LLC","version":"1.0","type":"link"}