The Federal Reserve is comprised of economic “interventionists” who ostensibly manipulate the money supply and interest rates for the betterment of the economy and the prosperity of the American people. In reality, the Fed’s monetary manipulation causes severe distortions in the economy that benefit a select few while harming a large swath of Americans.

The interventionist Fed, which claims that there’s a tradeoff between inflation and unemployment, often promotes the former. Modern U.S. economic history, however, demonstrates that high unemployment can occur during periods of high inflation. …