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John Waelti: Understanding the misunderstood Federal Reserve
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There is probably no American institution as important, and yet so misunderstood, as the Federal Reserve Banking System, commonly known as, "The Fed." It's a grave miscarriage of justice that during the Clinton administration Fed Chairman Alan Greenspan was eager to bask in the glow of the mainstream media and grab credit for the economic prosperity of those years. With sound administration fiscal policy and the now-forgotten budget surpluses accumulated during the Clinton years, Greenspan's job was easy.

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