The only reason the Fed still exists in its present form is because the public remains woefully ignorant to the fact that the Fed has been the greatest driver of wealth inequality.

https://twitter.com/NorthmanTrader/status/1496193727563509768
https://twitter.com/NorthmanTrader/status/1496197296010244101

#BREAKING: US M2 money supply grew 12.6% yoy in January. This is far too high, roughly double the M2 growth rate required to achieve the Fed’s inflation target of 2% per year. As a result of the Fed’s errors, inflation in the US will remain elevated and persistent. pic.twitter.com/ZyUCuavCe5

— Steve Hanke (@steve_hanke) February 22, 2022