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The Gangsters (Barron's Columnist Says Abolish the Fed)
Barron's ^
| Monday 25 August 2003
| Gene Epstein
Posted on 08/24/2003 3:57:49 PM PDT by shrinkermd
Edited on 04/22/2004 11:49:43 PM PDT by Jim Robinson.
[history]
WHAT'S NOT TO LIKE ABOUT those two white knights of economic intervention known as Monetary and Fiscal Policy?
Monetary Man, in service to Alan Greenspan's Federal Reserve Board, has lowered the overnight interest rate to such a point that short-term credit is practically being given away. And with exquisite timing, Fiscal Man, first knight to the federal government's power to tax, spend and borrow, has cut taxes to get us all to buy more, while the government is helpfully pitching in by spending a lot more on its own.
(Excerpt) Read more at online.wsj.com ...
TOPICS: Business/Economy; Constitution/Conservatism; Culture/Society
KEYWORDS: federalreserve; fiscal; monetary; policies
I have read Barron's off and on for forty years. I can not recall anyone ever urging the abolishment of the Federal Reserve Board and Alan Greenspan's job. Is something up or is Epstein out to lunch.
To: shrinkermd
Who knows. Possibly trolling for game. Not a bad idea but can't say I advocate it.
There you are, didn't bite or get snagged.
2
posted on
08/24/2003 4:13:01 PM PDT
by
imawit
To: shrinkermd
Wow, I had Epstein pegged as a boring middle of the road kinda of guy. In fact, he's been something of a bull for the last 3 years.
3
posted on
08/24/2003 4:15:18 PM PDT
by
AdamSelene235
(Like all the jolly good fellows, I drink my whiskey clear....)
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