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:
“The animals that depend on instinct have an inherent knowledge of the laws of economics and of how to apply them; Man, with his powers of reason, has reduced economics to the level of a farce which is at once funnier and more tragic than Tobacco Road.”
—James Thurber (1894–1961)