Hanke attacks Fed at IEA seminar

Professor Steve Hanke of Johns Hopkins University rebuked the Federal Reserve for its conduct of monetary policy at a conference on Tuesday 26 February on "The State of the Economy" hosted by the Institute of Economic Affairs in London.

After telling his audience that the history of monetary policy is mainly written by people "on the payroll" like central bankers and former central bankers, so usually making them look good, he called for an end to this "cartel". Turning to Alan Greenspan's

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