2/11/09

New York Times on Tom Woods, Ron Paul, anti-Fed sentiment

Fed Up With the Fed
NYT Ideas - Tom Kuntz - February 11, 2009

Admire F.A. Hayek as they may, fiscal conservatives (Ron Paul aside) have tended to ignore the Austrian economist’s admonition against central banking — until now, an article says. “It’s not surprising that arguments against the Fed are finally resonating. Since the crisis began in 2007, Fed Chair Ben Bernanke has engaged in all manner of emergency activity, much of it unprecedented and of such dubious legality that even some of those who may reject or be unfamiliar with arguments against the Fed have begun to wonder about the unaccountable power this institution wields over the economy.” [American Conservative]

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