Episode Details

John Tamny, author of Deficit Delusion, editor of RealClearMarkets, and president of the Parkview Institute, joins Steve to challenge one of Washington’s most sacred assumptions, that the Federal Reserve “steers” the U.S. economy. Tamny explains why real economic growth has always come from entrepreneurs, capital formation, and market signals, not central bankers, and why both the Left and Right fundamentally misunderstand national debt, deficits, and monetary policy. If the Fed isn’t in control, what really powers growth, and what does that mean for America’s economic future?