The Forbes Blog addressed the issue of the failure that is the Federal Reserve today. Daniel J. Mitchel notes:
To put it mildly, the Federal Reserve has a dismal track record. It bears significant responsibility for almost every major economic upheaval of the past 100 years, including the Great Depression, the 1970s stagflation, and the recent financial crisis. Perhaps the most damning statistic is that the dollar has lost 95 percent of its value since the central bank was created.
He goes on to point to a video from the Center for Freedom and Prosperity on monetary policy. Mitchell also aptly points out that many opponents of the Fed are often ignored or dismissed, including Dr. Ron Paul.
It’s nice to see some [relatively] mainstream media on this matter.Published in