Austan Goolsbee

So it's a mission-driven organization.

It's one where before I got here three years ago, they told me that success was viewed if nobody mentioned the Fed in any way or acknowledged it of any kind.

That was a victory.

Only bad can come of people hearing about the Fed.

If they're talking about the referees, then the game is a crappy game.

That's the 20th century version.

And look, you know, we are in an environment where there is a massive crisis of public trust in institutions in general, not just the government.

Anything that's big, that's elite, that's whatever, banks, Congress, everything.

And a demystification project of here is what the Fed does.

And it's made worse by in 1913, the Fed was hatched in a conspiracy.

Every conspiracy theorist is like, I think that they went to Jekyll Island.

This is literally with a story.

They snuck to Jekyll Island under fake names and came up with a plan to design a central bank in the United States.

That's all true.

That's

So, of course, people are like, wait a minute, the Fed are the bad guys.

But we aren't the bad guys.

We're the guardians of the galaxy.

And that's the bad man analogy.

It is the bad man.