We the people: Federal Reserve Panel Day 1

End the fed? (McManus, President of the JBS),
Amend the fed (Mike Sullivan)?
Defend the fed (Dr. Robert Wagner)?

You will see each of these policies debated here!

At about 52 minutes there is a brief lapse due to camera.

Robert Wagner gave me the following that was missing from his response. I include it here in the name of fairness of representation of views:

"The key is the Fed didn't cause the housing bubble. Causes 1) fiscal policy that encouraged home ownership 2) Fannie and Freddie pushed mortgages based on political not economic reasoning 3) Those loans were adjustable rate 4) China was a major buyer of those loans 5) The Federal Reserve had NO mortgages on their balance sheet 6) The Federal Reserve doesn't control the long term rates."

Disclaimer: I myself an a fed skeptic and believe the Fed, and the policy of fiat money serves as an enabler of binge spending, I also believe that all views on such a topic should be fairly represented which is why I contacted Wagner prior to publishing the video to ensure his comments were properly represented.

The panel was moderated by Linda Bowyer, Associate Professor of Finance at the University of Toledo.

This video is published with the intent to educate and inform. Thank you to the panelists and moderator for giving their time to help educate and inform the electorate!

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