So, as the headline has it, begins the subtitle of John Tamny’s latest book, Who Needs the Fed? It might have been even more aptly titled The Emperor Has No Clothes. It explodes the myth that government agencies, especially the Federal Reserve System, can be a force for prosperity and with justice for all.

If you’re not up on your Gramsci, you won’t know what’s happening. Why did President Obama use executive authority to insist…