Baylor and the Federal Reserve
I’ve never quite understood what it is that the Federal Reserve does — perhaps because the only economics class I ever took was a blow-off course in high school. Then last night, I was flipping channels and came across former Federal Reserve Board Chairman Alan Greenspan on The Daily Show, and he gave a pretty good explanation of how it all works. Why do I mention this? Well, as it turns out, there’s a Baylor connection at the Federal Reserve — M…