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Fed to Blame for Economic Pain as Big Banks Win: Top Economist (Video)

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When it comes to history and economics, Thomas DiLorenzo has set himself in a class of his own.  Having interviewed the esteemed author on a few occasions, I find his down to earth approach to matters appealing.  Recently, he commented on the Federal Reserve’s actions that is bringing about economic crises through the country.

Liberty Sentinel reports:

The Federal Reserve is responsible for so many of Americans’ economic woes including inflation, malinvestment, the booms and busts, and more, explained Mises Institute President Thomas DiLorenzo in this interview on Conversations That Matter with The New American magazine’s Alex Newman

DiLorenzo, a former economics professor at Loyola University, said the federal government’s interference in the economy is also hurting Americans.

The big winners of the inflation and the Federal Reserve’s manipulations that are hurting workers and savers are the bankers and the politicians’ cronies, he added.

However, the problems can be fixed by restoring sound, gold-backed money and an honest monetary system.

Article posted with permission from Sons of Liberty Media

Tim Brown

Tim Brown is a Christian and lover of liberty, a husband to his "more precious than rubies" wife, father of 10 "mighty arrows" and jack of all trades. He lives in the US-Occupied State of South Carolina, is the Editor at SonsOfLibertyMedia.com, GunsInTheNews.com and TheWashingtonStandard.com. and SettingBrushfires.com; and also broadcasts on The Sons of Liberty radio weekdays at 6am EST and Saturdays at 8am EST. Follow Tim on Twitter. Also check him out on Gab, Minds, and USALife.
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