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Prophets and Losses

creativegirl Wrote: Feb 05, 2013 8:24 AM
I left some stuff to buy check out in my cart at Amazon for about a month. I just got a notice that one item's price was increased .50, the other $4. I am leaving them in my cart to see what happens. This is the inflation that the main stream media ignores. A direct result of the Fed's reckless fiscal policy.
Now that the federal government is playing an ever larger role in the economy, a look at Washington's track record seems to be long overdue.

The recent release of the Federal Reserve Board's transcripts of its deliberations back in 2007 shows that their economic prophecies were way off. How much faith should we put in their prophecies today -- or the policies based on those prophecies?

Even after the housing market began its collapse in 2006, Federal Reserve Chairman Ben Bernanke said in 2007, "The impact on the broader economy and financial markets of the problems in the subprime market seems likely to...