Mises Daily
Author:
Robert P. Murphy
Online Publish Date:
As Ron Paul’s “End the Fed” movement grows, more and more Fed economists are speaking up on behalf of the central bank. In a recent post , David Andolfatto of the St. Louis Fed argues that the systematic debasement of the currency has had a negligible effect on the average American. As we’ll see, Andolfatto’s evidence is completely irrelevant to