In response to:

Prophets and Losses

king10 - formerly king Wrote: Feb 05, 2013 7:20 AM
anderson659, can you tell me the article where you got that stat from? I'd love to share with friends.
James92 Wrote: Feb 05, 2013 9:11 AM
Having been around for seven decades plus I can say I've actually experienced that inflation ( not sure of the actual percentage ) because the field I worked in paid about $2.00 per hour in 1963 and now pays over $30.00 per hour for the same work. Yet the standard of living of the average worker in that field is actually lower today than it was in 1969 ( the best year for those of us in my industry ).Inflation is the LARGEST tax we pay!
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...