March 20, 2008
Five More Reasons to Criticize the Fed
By James Wilson
Last month I posted on Ten Reasons to be Critical of the Federal Reserve. Well, here's five more, from Bankaholic. I'm not sure I agree with all of the criticisms, but they underscore two broad points. The first is, it is nearly impossible for the Fed to "make the right call" when reading the economy and managing the money supply, because the economy is too large and complex. The second is, trying to prevent short-term economic downturns will lead to far more serious long-term consequences, which we are now only beginning to experience. As long as the Fed exists, it would do well to focus on controlling the money supply to prevent inflation, rather than come to the rescue whenever some segment of the economy is struggling. Markets are better off correcting themselves. And this underscores the need for reform. We can break the Fed's monopoly over the money supply by passing Ron Paul's Honest Money Act and Free Competition in Currency Act. You can tell Congress to pass these bills here.
Blog commenting is currently under construction. In the meantime, you can send an email if there's something you'd like to tell us.

What Can We Do For You?

We can help you downsize the federal government, if you want that. All you have to do is join. It's free! In return...

We'll give you an army.

We're recruiting a huge army of supporters to work for what you want.

We'll give you influence.

The Downsize DC Army will exert relentless, resistance-numbing pressure on Congress.

We'll make your voice heard.

We'll use our growing army to make your beliefs heard by everyone, everywhere, every day.

We'll give you winning strategies.

Ideas like our "Read the Bills Act" and the "One Subject at a Time Act" will give you the leverage to win the public debate, control Congress, and Downsize DC!

We'll give you powerful tools.

  • Your free membership includes a subscription to our free email newsletter, the Consent Chronicle, which national talk show host Jerry Hughes calls by far the best newsletter he receives.
  • You'll be able to use our Educate the Powerful SystemSM to pressure Congress. It's easy. All it takes is a few mouse clicks and keyboard strokes. You can do it in your bathrobe while you're drinking your morning coffee, or during a break at work.
  • You'll also gain access to our 16-page strategy document, "The Downsize DC Vision." You'll learn about important insights like "ignoring an axiom," and powerful strategies like "picking off the herd." One reader called this document "the unified field theory" of political change.

To gain these benefits, just enter your email address in the box below and hit Subscribe!

Subscribe to the Consent Chronicle
Enter your email address twice: