Sparks on Fire
In a new YouTube video, “Sparks” “interviews” the former and current chairmen of the Federal Reserve. Here’s one little snippet.
Bernanke: The Fed is needed to maintain full employment and price stability.
Sparks: Will you get your head out of Keynes’ and Friedman’s asses. All you and your Fed do is the exact opposite of your goals. Your actions distort prices, screwing up economic calculation, which leads to overly large booms and super-dramatic busts. Get your hands off of the economy. Your and Greenspan’s track records show that you can’t predict or control anything.
So true (and a very funny video, to boot). Check it out.
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Read more at Financial Armageddon
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