Inside the Fed in 2006: A Coming Crisis, and Banter
By BINYAMIN APPELBAUM | New York Times
"... The transcripts of the 2006 meetings, released after a standard five-year delay, clearly show some of the nation’s pre-eminent economic minds did not fully understand the basic mechanics of the economy that they were charged with shepherding. The problem was not a lack of information; it was a lack of comprehension, born in part of their deep confidence in economic forecasting models that turned out to be broken..."
Comment: How much more evidence is needed to show than central banking is a fraud?