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Episode Info: John Tamny‘s new book, “Who Needs the Fed?” sparks an interesting discussion with Bill Walton on this episode of Common Ground.  Walton and Tamny discuss the role of the Federal Reserve Board and whether it is helping or hurting the recovery. Transcript Below: Bill: [00:01:00] Hi, this is Bill Walton. Welcome to Common Ground where we have interesting and useful conversations with leading thinkers and doers about how the world really works and what sort of things drive personal success, growth, and human flourishing. We’re skeptical about conventional thinking, the status quo, and easy answers. We also hope to provide you, the listener, with useful lines of action that you can take with you and use in your daily life. Today we have John Tamny joining us who absolutely challenges conventional thinking and the status quo and easy answers. John has had a brilliant career. He’s currently political economy editor at Forbes, editor of RealClearMarkets, senior economic advisor to Toreador Research, and he’s also a senior economic fellow at Reason Foundation, weekly panelist on Forbes on Fox and his writings have appeared in The Wall Street Journal, Investor’s Business Daily, National Review, Financial Times, and London Daily Telegraph. As you can see, John is a prolific and successful author and thinker. We’re here to talk about his most recent book, but I also want to point out that he’s written a terrific book called “Popular Economics What the Rolling Stones, Downtown Abbey, and LeBron James Can Teach You About Economics”. John, welcome. John: Thanks Bill, thanks for having me. Bill: We’re here to talk about your book on the Federal Reserve among other things. It’s a book titled “Who Needs the Fed?” I have to say it’s one of the most stimulating and exciting and best books I’ve read in a long time. Congratulations. John: That’s flattering, especially coming from you. Thank you. Bill: The book is titled “Who Needs the Fed?” For those of us that need a little primer, what is the Fed, I mean what is the … What are we talking about here? John: [00:03:00]
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