youngpygmalion

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    • Sun Jan 13th 04:42 AM | Rating: 0 0
      Commented on:
      Frederic Mishkin: Stop Obsessing About the Fed
      The problem I have with the federal reserve is that it is an attempt by a few people to maintain the economy. When human influence is added into the equation, there is always the risk of poor judgment as seen in Alan Greenspan's inability to see the subprime market crisis. I believe we should at least have a chance to see if the market can resolve it's own problems, if it doesn't work we can always reinstitute the system. Right now the price of oil is related to many things such as exchange rates and the fact oil is sold only in US dollars so it is safe to say the Fed might have a little responsibility if not entire.
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    • Sun Jan 13th 04:10 AM | Rating: 0 0
      Commented on:
      The Federal Reserve Has Failed Us
      Just to make a clarification, Ron Paul is not a senator, he is a congressman who has served 10 terms in the state of Texas
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