Kevin_Kennedy
Defend Liberty
- Aug 27, 2008
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The Federal Reserve has a lot of haters, and those haters are spreading some rumors.
Texas Governor Rick Perry echoed many conservatives' sentiments when he said last year that another round of stimulus from Federal Reserve Chairman Ben Bernanke would be "almost treasonous." "We would treat him pretty ugly down in Texas," he added, while also claiming that the Fed has been "devaluing the dollar." Inflation is currently at historically low levels.
11 Lies About The Federal Reserve
And the response...
The other day the Huffington Post ran an article by a Bonnie Kavoussi called 11 Lies About the Federal Reserve. And youll never guess: these arent lies or myths spread in the financial press by Fed apologists. These are lies being told by you and me, opponents of the Fed. Bonnie Kavoussi calls us Fed-haters. So she, a Fed-lover, is at pains to correct these alleged misconceptions. She must stop us stupid ingrates from poisoning our countrymens minds against this benevolent array of experts innocently pursuing economic stability.
Here are the 11 so-called lies (she calls them myths in the actual rendering), and my responses.
HuffPo's 11 Myths About the Fed, Refuted | Liberty Classroom
It seems to me that the original Huffington Post piece is merely a list of strawmen and appeals to authority.