Rand Paul Has No Idea How the Fed Works

[longknife]

Let's face it – the vast majority of Americans (me included) have no idea how The Fed works. Most of us don't even know what it is! So, I read the article – and still don't know how the Fed works. I do know the author is defending the Fed so I'm unsure of the fairness of this essay @ Rand Paul Has No Idea How the Fed Works | Pragmatic Capitalism