Friday, August 19, 2011
David Stockman on the Fed
Too much attention is paid to Rick Perry in this interview, but kudos to Aaron Trask for noting that the one who the great Stockman agrees with about the Fed is Ron Paul. The title of the video should be "Ron Paul Is Right the Fed is Totally Wrong." Stockman makes several great points that need to be repeated again and again and again. The Fed is "utterly destroying our capital markets," and the main reason our economy is still stagnate. "The fact is the Fed is the number one problem holding back this economy, punishing savers, savaging low income people trying to buy food, energy or fuel."