But economist D. Brady Nelson argues that they’re utterly mistaken in this Townhall piece. The Fed at the bare minimum needs to be audited, but that should only be the starting point for an intelligent analysis of the role of government in our monetary system. Nelson shows that the people who say that criticism of the Fed is crackpot stuff don’t have any idea about the harm the Fed does by manipulating money and credit.

They might learn something if they’d read his article or any of the books and articles he references — but as the statists increasingly demonstrate, they have closed minds.