Is The Federal Reserve a Failure?

I received an email stating the readers that come here might find this article interesting.

I've had my reservations (no pun intended) about the Fed for years, ever since I read Milton Friedman's (I think it was Friedman) work about the Fed's complicity in government manipulation of money suppy in the 30s which could have caused the Great Depression.

Comments

[Howard Arnoff]

Mike, I am rather surprised this link, this seems like a lame article written by and for kindergartners.

[Mike Farmer]

Now, Howard, how many kindergartners would understand "as merely an extension of its inertial proclivity towards inaction".

Sorry, I'll try to set my standards higher next time.

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[Howard Arnoff]

Mike, your standards are plenty high, I just thought the article was lame. Were they quoting Greenspan with that phrase, he enjoys that kind of garbled language.

[Mike Farmer]

Greenspan is the master of garble.