Long-time Fed critic John Tamny, editor of RealClearMarkets, joins Yahoo Finance's Aaron Task to discuss the wayward ways of the Federal Reserve. Tamny says the Fed believes that money grows on trees.
"Basically, if you want money, just go ahead and create it and when you create that paper ticket you are actually creating wealth," Tamny says. "We know logically in the real world that none of this is true. If the path to prosperity is creating dollars, then counterfeiting would be legal and would be encouraged."