Unfortunately, the head of the printing press was renominated. This means another four years of inflation, artificial interest rates, and bubbles. However, I and hopefully the rest of the anti-Fed movement should be ecstatic about how much criticism has been directed at the Fed recently. Bernanke’s reconfirmation by a vote of 70 to 30 seems like a landslide, but it is in fact the most opposition to a Fed chairman ever. No matter how meaningless the Fed establishment will try to make this sound, it is in fact very significant. Our ideas are catching on and they are about the only bipartisan thing in Washington these days. We have to keep up the fight. It’s a good one and it will be well worth all of our time.
End the Fed!Published in