April 6, 2010
By Editorial Staff
If you would like to understand more about how the U.S. Federal Reserve works, you can spend some time on its website — or you can get the real story. Elliott Wave International has collected eight of Robert Prechter’s most trenchant articles about what the Fed actually does. He takes on the misleading myths about the Fed and explains what’s really going on as he writes about these topics.
How the Fed manufactures money
- How the Fed encourages the growth of credit — and why that’s deflationary
- What gives the Fed the authority to bail out troubled institutions
- The difference between creating money and facilitating credit
- Whether the Fed can manipulate the stock market or economy
- How the Fed is ignoring historical lessons about central banks
- How the Fed’s actions, combined with public outrage, may ultimately lead to its demise
The eBook with eight chapters is called Understanding the Fed: How to protect yourself from the common and misleading myths about the U.S. Federal Reserve. Here’s an excerpt to give you a taste of what you will learn.
