By David Beckworth, interview of Nathan Tankus, transcript includes “Beckworth: And I think that's a great starting point in terms of thinking about the consolidated balance sheet and accounting gimmickry. So to start us off, why is it a façade to claim the central bank is independent? … Tankus: Well, but where I would disagree is legally the Federal Reserve is responsible for its own accounting rules …”
Read the full article on: Mercatus Center, George Mason University