Thursday, March 17, 2011

CNN: The Federal Reserve's biggest bloopers

It’s a pleasant surprise to see one of mainstream media join in the bashing of the US Federal Reserve.

The CNN Writes,

Since it was created in 1913, the Federal Reserve hasn't exactly had the best track record of predicting booms and busts.

Not to mention, its leaders have had some embarrassing sound bites along the way, whether they're referencing punch bowls or helicopters.

Here are some of the Fed's biggest bloopers over the years.

Go to the slideshow here

This just goes to show how Fed critics, led by Ron Paul and the Austrian School, have been gradually moving from the fringes and into the mainstream.

No comments: