In response to:

Prophets and Losses

Mark1369 Wrote: Feb 06, 2013 1:00 AM
You are a disgusting person resorting to calling a person by these terms. You obviously are a hater and can't argue points of view on the economy. He brings nothing up about race in this article so why do you? The Fed hasn't worked as planned as evidenced by the Great Depression, Carter's Recession, and the current Depression that came about because too many dems thought the housing market was fine when Bush and other Republicans called for regulation to reign them in.
MilosM Wrote: Feb 06, 2013 1:35 AM
C'mon Mark me lad, the comments were in reply to "WilliamGosset", not "John910", if that is your concern. And as stated above, were "not a direct response" to the honorable Thomas Sowell's article, just to "Gosset's" stupid comments, which are indeed racist. Not name calling, just a statement of fact, as were the rest of the comments I made. Cheers matey :)
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...