Danielle DiMartino Booth is the CEO and Chief Strategist of Quill Intelligence. Before that, however, after correctly predicting the mortgage meltdown, she was called upon to serve and spent 9 years as an advisor to the President of the Federal Reserve Bank of Dallas. That experience led her to write “Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America.”

In this episode, Danielle and NLW discuss:

• How the Fed went from simply corrupt to corrupt and broken
• Why we’ve been living through the largest experiment in monetary policy history
• Why interest rates are the lowest they’ve been in 5000 years
• Why COVID-19 was the pin, not the balloon 
• Why current Fed action compromises the Fed’s independence 
• Why the market structure incentivizes consumption and risk investment over savings
• Why risk investments have ceased to be risky because of Fed backstopping 
• Why a key concern going forward is a second wave of COVID-19 layoffs in industries beyond the obviously impacted