This Wednesday we’re taking a break from Bigfoot to talk about another terrifying creature: the Federal Reserve System.
I don’t typically write about the Federal Reserve System because, well, I don’t really get it. Sure, I’ve taught about it, and I get the general gist of what it is alleged to do, but like most Americans, I know that it tinkers with interest rates and is incredibly boring.
As a kid, I’d hear about Alan Greenspan and how significant he was. Janet Yellen, the who I thought was still the chair of the Fed (nope—she’s the Secretary of Treasury now, apparently), sounds like a walrus with head cold, and strikes me as about as lively as block of wood. These are not inspiring or interesting people, but they are immensely powerful.
The Portly Politico 