Wednesday, October 10, 2012

Huffington Post's 11 Myths About the Fed, Refuted By Tom Woods and Bob Murphy

Written By: (Recent Harvard Grad) Bonnie Kavoussi

The Federal Reserve has a lot of haters, and those haters are spreading some rumors.
Texas Governor Rick Perry echoed many conservatives' sentiments when he said last year that another round of stimulus from Federal Reserve Chairman Ben Bernanke would be "almost treasonous." "We would treat him pretty ugly down in Texas," he added, while also claiming that the Fed has been "devaluing the dollar." Inflation is currently at historically low levels.

11 Myths Refuted 1 by 1
Author and economist Robert Murphy
Historian and Best-Selling Author, Tom  Woods

The other day the Huffington Post ran an article by a Bonnie Kavoussi called “11 Lies About the Federal Reserve.” And you’ll never guess: these aren’t lies or myths spread in the financial press by Fed apologists. These are “lies” being told by you and me, opponents of the Fed. Bonnie Kavoussi calls us “Fed-haters.” So she, a Fed-lover, is at pains to correct these alleged misconceptions. She must stop us stupid ingrates from poisoning our countrymen’s minds against this benevolent array of experts innocently pursuing economic stability.

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