A Blank Spot on the Map

Monday, July 13, 2009

Yeah....it's time to end the Fed


Fed warns on Congressional scrutiny

Donald Kohn, vice-chairman of the Fed, argued at the House financial services subcommittee hearing that any sense of political interference would negatively affect markets. “Any substantial erosion of the Federal Reserve’s monetary independence likely would lead to higher long-term interest rates as investors begin to fear future inflation,” he said.

Sounds like they are threatening us.


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