Book Review
Honesty Is the Best Economic Policy

Honesty Is the Best Economic Policy

While “economics” as a science merely predicts how an economy will function if certain decisions are made, morality ought to be part of the decision-making process. ...
Michael Tennant

Free Prices Now!: Fixing the Economy by Abolishing the Fed, by Hunter Lewis, Edinburg, Virginia: AC2 Books, 2013, 276 pages, hardcover.

“Five years after the global economy was falling at its fastest rate, Western economies are still failing to gain much-needed momentum, despite the efforts of central bankers on both sides of the Atlantic,” the New York Times reported in November.

There is no question that the economy remains sluggish. But perhaps it is not struggling despite central bankers’ efforts but because of them. That is the thesis of Hunter Lewis’s Free Prices Now! Fixing the Economy by Abolishing the Fed. The book makes the case that the Federal Reserve’s monetary machinations, coupled with other government interventions in the marketplace, are precisely what has led to the current economic malaise and that the solution to the economy’s woes is to end the Fed, to reform the banking system, and to get the government out of the business of picking winners and losers in the marketplace.

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