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View Full Version : Auditing the Fed "is a crackpot idea"




Matt Collins
09-28-2009, 06:23 PM
Or so says this uneducated individual:
http://capitalgainsandgames.com/blog/bruce-bartlett/1131/auditing-fed

amy31416
09-28-2009, 09:18 PM
Or so says this uneducated individual:
http://capitalgainsandgames.com/blog/bruce-bartlett/1131/auditing-fed

Why have you not yet learned to quote derogatory articles here so we do not have to give a site hits in order to read it?

Matt Collins
09-28-2009, 09:23 PM
The comments at the bottom of the article are much more interesting than the article itself

amy31416
09-28-2009, 09:29 PM
The comments at the bottom of the article are much more interesting than the article itself

I don't care. Quote the comments then.

rawful
09-28-2009, 09:32 PM
This is very entertaining to see, with the Fed doubling the money supply in the past year, hyperinflation is inevitable, probably during Obama's first term.

Now that it looks like HR1207 might pass, Bruce can start threatening, "If you audit the Fed, it will cause Hyperinflation!" and then when both things happen, he can say, "See, I told you so!" Very clever!

I suggest an alternative (and equally unsophisticated) meme: "If you don't Audit the Fed by the end of 2010, we will have Zimbabwe-style Hyperinflation!!"

My favorite comment. Sad to say this is exactly what Fed-backers are going to do. :(

YumYum
09-28-2009, 09:39 PM
The author made this claim:

"Instead of getting Switzerland-like stability, as Paul foolishly imagines, the more likely result would be Zimbabwe-like hyperinflation."

When the dollar collapses, the Fed will blame it on the audit.