Commodities
The Fed Is Failing the U.S. Economy by Ignoring This Metric, Heres What Next
Date: 2024-10-11 14:00:25
The Federal Reserve is flying blind with its policies because it completely ignores the M2 money supply metric, says Steve Hanke, Professor of Applied Economics at Johns Hopkins University. “The Fed doesn’t understand what it’s doing, and it’s not watching the money supply,” Hanke tells Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News. “How can you be running a central bank and have a macroeconomic model that doesn’t even include money? That’s the one thing that central banks produce. It’s kind of bizarre. Quite frankly, it’s stupid, but I’ll use the word bizarre and be polite.”
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