Oct 5, 2004

No Proud Moment -- Watching Greenspan's briefcase

Sets interest rates; controls amount of currency in market; bares teeth at creditor nations -- this one's been under my craw for years: can someone explain, why, in the context of a "Free Market," is there a Fed, again? (In one book or less.) Because making ones living by scrutinizing the girth of Greenspan's briefcase is not manly.