Erik Voorhees | TCS Daily
Not a day goes by without talk of the Federal Reserve, whether by the organization itself or by its opponents. An incessant cheerleader of his organization, Chairman Ben Bernanke will be the first to tell you that the Federal Reserve is an utmost necessity to the smooth operation of the U.S. financial system. Some would disagree. And while ongoing events can be difficult to objectively examine, hindsight is usually much more prescient.
Let's set aside what The Fed says for a moment and examine what it actually does.
Read on here:
http://techcentralstation.com/... (27 August 2009)
The Record of the Federal Reserve