Tuesday, January 17, 2012

Central banking

“I do not blame these folks [Federal Reserve Board members] for being wrong about the direction of the incredibly complex economy.....What I do criticize is the hubris of making major top-down Federal policy decisions that require that these folks be consistently right. It’s simply madness, and I am exhausted with the continuing reaction of both the media and most politicians that if we only had the right folks making these decisions, all would be well.” ~ Warren Meyer (Coyote Blog) http://bit.ly/zjeH2Q
WSJ article

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