The Fed: A Jobs Program For Economists

December 30, 2025

Dear Reader,

I'm going to tell you something. I’ve said it a million times.

The Federal Reserve is a scam.

  • The Fed is a jobs program for PhDs—not an economic necessity. America prospered before economists existed, 

  • Central planning always fails, even with smart people. The Fed manipulates markets that would function better without intervention

  • QE is bureaucratic theater. Banks swapped assets for cash long before the Fed—the central bank just rebranded normal banking to justify its existence and payroll.

  • Hidden inside the Big Beautiful Bill are new carve-outs that could slash your tax bill, multiply your income, and protect your family's wealth. Donald Trump and I wrote the only book that shows you exactly how. Click here to claim your copy!

Not the kind with ski masks and getaway cars. The respectable kind. The kind with PhDs and briefcases. The kind that gets you invited to Georgetown cocktail parties.

It's a full employment act. For economists.

Think about it.

Prosperity Before Economists

America is prosperous. Insanely prosperous. That's not theory. That's fact. And we got here despite the Fed, not because of it.

There was prosperity before economists existed. Long before. Adam Smith wasn't an economist. He was a philosopher who watched humans do what humans do. Trade. Innovate. Build. He didn't invent capitalism. He reported on it.

Real economists came later. After the wealth. After the universities. After someone needed a toy to justify their existence.

That toy is the Fed.

The QE Myth

Now here's the question nobody asks. How much power does the Fed actually have?

Some people scream about QE. Quantitative easing. The Fed's balance sheet. Trillions of dollars. Proof of central planning run amok.

But wait.

Banks were swapping interest-bearing assets for cash long before the Fed showed up. That's just banking. The Fed didn't invent this game. It just muscled its way to the dealer's chair.

The Fed entered an existing marketplace. Then it tried to become the marketplace.

That's not innovation. That's colonization.

Let Interest Rates Go Haywire

Joseph Sternberg at the Wall Street Journal gets this wrong. Completely wrong. His recent piece claims the Fed is "steering the ship." He worries that if the Fed backs off, interest rates will go "haywire."

Good.

Let them.

Interest rates are prices. Just like milk or copper or oil. When the government manipulates prices, everyone loses. Always. Everywhere. Every time.

Sternberg fears the haywire. I welcome it. You can't get to "orderly" without letting markets speak. And markets can't speak when bureaucrats are doing ventriloquism.

Central Planning Always Fails

Here's the bigger problem.

Central planning fails. Period.

We watched this movie in the 20th century. The body count speaks for itself. Millions dead. Economies destroyed. Futures erased.

But somehow central planning gets a pass when PhD economists do it. When it's called "monetary policy" instead of "five-year plan."

No.

Smart people can fail just as spectacularly as dumb ones. A PhD doesn't make you immune to the laws of economics. It often makes you blind to them.

The Real Story

So what's really happening?

Two possibilities.

One: The Fed is staffed by brilliant minds guiding America's economy with surgical precision.

Two: The Fed is a sad bureaucracy that invented fancy language for mundane banking operations to justify its existence.

I'm betting on number two.

They created a toy. They gave it an impressive name. They convinced everyone it matters. Then they charged you for the privilege of watching them play.

QE isn't revolutionary. It's bureaucracy cosplaying as genius.

The Proof Is in the Prosperity

The proof is in the prosperity.

America thrives when people are free to trade. Free to build. Free to fail. The Fed doesn't create wealth. Never has. Never will.

It just takes credit when things go right. And demands more power when things go wrong.

That's the scam.

The Fed needs economists. Economists need the Fed. You need neither.

Remember that.

Kiyosaki Unsensored

P.S. STOP! Don't You DARE Buy Gold Right Now.

I don't care if gold is at $4,500. I don't care if everyone says it's going to $5,000. If you buy gold now, you're making a costly mistake. There's a smarter play that could hand you 11X the profits. But the window closes on December 10th when a government meeting changes everything.