Your Facebook friends think "capitalism" and "greed" caused the 2008 crisis.
Not a word about the Federal Reserve.
When you bring it up, they either have no idea what you're talking about, or they plead: "Why, these are our wise economic planners, citizen!"
But when these wise economic planners go wrong -- as in 2008 -- the free market, rather than the planners themselves, gets the blame.
Criticize the Fed, and you get told: the Fed has stabilized the economy! Why, you don't want panics like we had in the 19th century, do you?
This free eBook by New York Times bestselling author Tom Woods (Ph.D., Columbia University) turns this argument on its head. If it's genuine prosperity we want, then the Fed is the villain, not our savior.
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