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Conservatives For the Federal Reserve

Rational-Monopoly Wrote: Mar 24, 2013 8:55 PM
Yes, trusting the government to print its own money, which it can pay its own bills with, is such a great idea. Up with Mises, down with Friedman in monetary theory.
TommyMaq Wrote: Mar 25, 2013 1:53 AM
Friedman recanted, two years before his death, and said he believed Austrian School was correct.

I believe you own the late Milton Friedman an apology; he would never counsel this mess!
TommyMaq Wrote: Mar 25, 2013 1:53 AM
You meant Keynes.

https://www.youtube.com/watch?v=d0nERTFo-Sk
When Barack Obama came into office in 2009, a funny thing happened: Republicans and Democrats made a near-identical flip on how they felt about Federal Reserve Chairman Ben Bernanke. In early 2008, Bernanke enjoyed a 61% confidence rating among Republicans. That fell to 36% by early 2009. Conversely, his confidence among Democrats during that time period rose by 24 points, to 64%.

Distrust of the Federal Reserve has continued to grow among conservatives during this time period. Former Rep. Ron Paul (Tex.) often spoke about the Federal Reserve's harmful policies, but it was only during...