Non-mainstream Economics
See also: Austrian Business Cycle TheoryOne criticism of the Fed, typified by the Heterodox economics Austrian School, is that the Federal Reserve's control of interest rates is an unnecessary and counterproductive interference in the economy.
Read more about this topic: Criticism Of The Federal Reserve
Famous quotes containing the word economics:
“There is no such thing as a free lunch.”
—Anonymous.
An axiom from economics popular in the 1960s, the words have no known source, though have been dated to the 1840s, when they were used in saloons where snacks were offered to customers. Ascribed to an Italian immigrant outside Grand Central Station, New York, in Alistair Cooke’s America (epilogue, 1973)