Tragically, the Fed appears to have learned little from its mistakes. Its current policy of “quantitative easing†continues its long tradition of creating bubbles by deliberately implementing inflationary policies.
Tragically, the Fed appears to have learned little from its mistakes. Its current policy of “quantitative easing†continues its long tradition of creating bubbles by deliberately implementing inflationary policies.
Congress should revise its directives to the Fed and abandon liberal-progressives’ secular religious faith that ivory-tower intellectuals are capable of managing the entire economy. Senator Christopher Dodd’s just released proposals for changing the regulatory role of the Federal Reserve and for reducing the eleven regional Fed banks outside New York City to small, relatively...
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