I recently received this e-mail from Jason Head:
I am a daily reader of your blog and have been for several years. My question is not philosophical, but I believe that you or your readers may be able to lead me in the right direction. I am looking for an economics and/or investing book which explains in laymen terms what the Federal Reserve does, what it purports to do, and the actual consequences of its actions from a free market perspective. Do you or your loyal readers have any suggestions for reading on this topic?
I know almost nothing about the Fed. Does anyone have any suggestions? (Disloyal readers are welcome to chime in too.)