Jim Grant Lecture on What Does the Fed Do? [VIDEO]

Jim Grant’s lecture summarizes the methods the Federal Reserve uses in its attempt to manage the economy through the conduct of monetary policy, dissecting the euphemistic language behind the Fed’s actions and describing in detail the problems with the Fed’s endeavor to be an “economic seer.” Mr. Grant also bridges the gap between the lectures on the pre-Fed era and the Fed’s future by describing the evolution of the Fed over its one hundred year history.

H/T Value Investing World