The Federal Reserve just cut interest rates for the first time in over four years, but what does that really mean for you? The highly technical nature of Fed policy combined with its non-partisan appearance means that most Americans don’t know what it actually does and how that impacts their lives. This is a major problem, because the Federal Reserve wields more power than just about any other institution, acting as a Soviet-style central planner not just for the U.S. economy but for much of the world as well. It’s time to pull back the curtain and understand the true cost of letting the Fed control our money.