Ep. 106: Treasury Secretary Bessent's Critique of the Fed's "Gain of Function"

In a recent issue of The International Economy, Treasury Secretary Bessent wrote an impressive critique of the Federal Reserve's actions since the 2008 crisis, some of which dovetail with Murphy's own earlier critiques. In this episode Murphy goes through the chief points of the article and elaborates. Related: - https://www.international-economy.com/TIE_Sp25_Bessent.pdf - https://mises.org/podcasts/human-action-podcast/why-fed-isnt-really-independent - https://cdn.mises.org/understanding_money_mechanics_ with_cover_image_attached.pdf Watch the video version of this episode here: https://youtu.be/wLAP1YgG9ss Subscribe to our YouTube channel: https://bit.ly/3XXfmGS Follow us on Instagram: https://www.instagram.com/infineogroup Follow us on Twitter: https://www.twitter.com/infineogroup Learn more about Infineo at: https://www.infineo.io Audio Production by Podsworth Media - https://podsworth.com