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The Fed Flunks: My Speech at the New York Federal Reserve Bank, by Robert Wenzel
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The remarkable story of how Robert Wenzel ended up delivering a speech at the New York Federal Reserve that rocked the financial world. The Fed Flunks contains the speech he delivered, plus two other essays. In addition, Wenzel explains in The Fed Flunks just how it came about that he, a major critic of the Fed, was invited to deliver a speech at the Fed, how the event was almost sabotaged, who was at the speech and the reaction of the Fed economists there. This is a must read for anyone concerned about the US economy and anyone curious about what the Federal Reserve really does.
- Sales Rank: #1511703 in Books
- Published on: 2015-01-24
- Released on: 2015-01-24
- Original language: English
- Number of items: 1
- Dimensions: 9.00" h x .19" w x 6.00" l, .27 pounds
- Binding: Paperback
- 74 pages
Review
Comments on the Fed Speech:"Heroic."-Lew Rockwell, The Ludwig von Mises Institute. "Absolutely brilliant!--Ralph Raico, Great Wars and Great Leaders."The speech is not a good 'Austrian' critique of Keynesianism and the Fed, it is an EXCELLENT one!"--Walter Block, Endowed Chair in Economics at the J. A. Butt School of Business at Loyola University."I read your speech at the Fed and your postscript. Brilliant! Just the type of talk that should be given in a place like that, and superbly constructed and articulated!!!"--Richard Ebeling, Economy, Public Policy and Monetary Economics.
Most helpful customer reviews
7 of 7 people found the following review helpful.
Taking it to the source!
By Rothbardian
A vast majority of our economic problems stem from the existence of The Federal Reserve. How refreshing to see someone point out The Fed's errors to those who actually "work" there! Wenzel pulls no punches and tells it like it is. While The Fed members themselves will certainly not heed his advice, the general public is gradually coming around to understanding the machinations of this insidious institution. "The Fed Flunks" keeps that ball rolling in the right direction. Excellent work!
5 of 5 people found the following review helpful.
Wenzel calls the housing bubble and onset of the Great Recession in real time
By OJ
Wenzel calls the housing bubble and onset of the Great Recession in real time, then walks into the NY Fed to explain why the Fed caused it and why the Fed will cause it again. Excellent. If more people listened to Wenzel and other like-minded Austrian economists, the U.S. would not be in the economic and financial shape it is in and the American people would not be slaves to the Federal Reserve banking system. Read it. And then hold your elected officials and the Fed itself accountable.
3 of 3 people found the following review helpful.
Very good book. Showcases the aggressive and audacious speech that ...
By Francisco Mariategui
Very good book. Showcases the aggressive and audacious speech that Robert Wenzel made at the NY Fed in April 2012, sustained by the considerations and theoretical framework of the Austrian Business Cycle Theory (ABCT). The ABCT, in contrast with Keynesian theory, signals the Fed as the institution responsible for generating unnecessary economic disruption, inflationary trends and unrealistic asset valuations. The ABCT proposes the closing of the Fed and to let the natural law of supply/demand manage the business cycles in the economy.
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