It's not uncomon for me to see someones eyes glaze over when I start talking about monetary policy. Taking fed action and interest rates doesn't exactly make me the life of the party.
It's easy to understand. When I say monetary policy most people think I'm talking about they companies policy on rembursing travel expenses. It's just not a topic followed by the bulk of Americans.
With that said I know this audience is no ordinary group of people. So today I'm going to talk a little about the fed and why, by their own admission, they have failed so badly at predicting and then correcting the booms and busts we've seen over the last two decades.
And don't worry, I'll make so easy to understand you'll be able to explain it to your kids.
Give it a listen and let me know what you think!
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