Bullard Says Fed Independence Vital to Stable Prices

[RonPaulFanInGA]

http://www.bloomberg.com/apps/news?pid=20601087&sid=ai2ut4aGjK1Y

[Lafayette]

“Fed independence is vital in maintaining the credibility of monetary policy,” Bullard said in a speech today in New York. “Non-independent central banks, historically, have been forced to finance large government budget deficits through money creation. This can be extremely inflationary.”



whaaaa?.....



:eek:

[Chester Copperpot]

no money backed with real silver or gold is vital for stablizing prices mother fucker

[akforme]

I'm getting a kick out of these... never mind gas being 4 dollars + a gallon last year, and the dollar down 95% since the feds independence