Tuesday, September 08, 2009

The Next Financial Crises

A decent article on the future of Financial Crises and the Fed.

Unfortunately, the author doesn't make the link that the Fed is owned by the member banks so it has a fiduciary obligation to set policies that are accomdative to the banks. If he made that link, he would come to a conclusion that the best method to reform the financial system is to End the Fed and return the power of currency issuance and value regulation to the congress and the people.

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