While conservatives, led by their leader President Trump, are railing against the Democrats for their devotion to socialism, the current controversy over the Federal Reserve shows us, once again, that conservatives are as devoted to socialism as liberals (i.e., progressives) are.

As Richard Ebeling explains in his FFF ebook Monetary Central Planning and the State, the Federal Reserve is based on the concept of central planning, which is a core feature of socialism. Federal bureaucrats at … Continue reading Both Conservatives and Liberals Love Monetary Socialism