Fed Has Done More Damage Than Good: John Allison

The transcript discusses Trump's economic appointments, focusing on Mick Mulvaney's role as OMB director and the implications for deficit management. It explores the regulatory environment, potential changes at the Federal Reserve, and the impact of deregulation. The conversation also delves into the Fed's role, its effectiveness, and the potential for systematic changes under new leadership.

What does the appointment of Congressman Mulvaney as director of OMB suggest about Trump's economic direction?

How does President-elect Trump's commitment to cutting taxes relate to his focus on deficits?

What impact could deregulation have on the banking industry according to the discussion?

In what ways can the leadership of the regulatory side affect the implementation of regulations?

What are the potential challenges of having a Fed board member who is skeptical about the Fed's role?

How does the current economic cycle affect the perceived effectiveness of the Fed?

What is the significance of the statement that 90% of the money is created by private institutions?