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Author: TMFRedwood Three stars, 500 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 56  
Subject: Fed dictatorship needs to be toppled Date: 2/15/2011 11:30 AM
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Very provocative article from Paul Farrell. What do y'all think?
http://www.marketwatch.com/story/fed-dictator-bernanke-needs...

Personally, I think he's on the right track. The Fed has destroyed our manufacturing base, devalued the currency, created a whole host of bubbles over time, disincentivized savings by keeping rates low, lowered moral responsibility, and alarmingly increased systemic risk.

Others might point to the amazing growth we have experienced this past century, despite currency devaluation and the above. My response would be that you can also grow under sound money but I'd love to see all arguments or thoughts people have.

Andrew
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