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Against the Fed

If the Fed had not already abrogated its' "independence" and any basis for relying on it to protect the economy it has certainly done so over the past year and one half.  Through the injection of more than a Trillion dollars into the economy and its'  involvement in bailing out politically-connected firms on Wall Street the Fed has shown that it should be shown the door, or barring that at least its' leader should not be retained when his term is up.  I would recommend two excellent articles on just these topics by Robert Higgs of the Independent Institute and Anna Jacobson Schwartz writing in the New York Times.

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