Ted Cruz, the Fed, and the folly of blaming the government for everything

Cruz is trying to reverse-engineer his way to the ideologically predetermined position that everything bad that happens in the economy is the result of government interference — no matter how tendentiously "interference" is defined

Ted Cruz questions the Fed's monetary policy.
(Image credit: AP Photo/Paul Vernon)

For a second there, Ted Cruz almost sounded like a lefty.

The Texas senator and GOP presidential hopeful has made no secret of his disdain for officials at the Federal Reserve, or for the entire design of modern monetary policy. Indeed, those criticisms emerge pretty naturally from the hard-right quarters of American politics.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us