The Center for Freedom and Prosperity has launched a new subject string that is sure to generate interest, if not controversy, on the Federal Reserve. The Cato Institute’s Dan Mitchell makes the case that the Federal Reserve has a dismal track record and bears significant responsibility for almost every major economic upheaval of the past 100 years, including the Great Depression, Seventies stagflation, and the recent financial crisis. And yet it always seems to get more powerful over time. But the big issue may not be central banking, according to Mitchell in this launch, but the move to fiat currency that took place forty years ago.
http://hotair.com/archives/2011/03/21/video-time-to-end-the-fed/
No comments:
Post a Comment