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Want To Fix The Fed? Get Rid Of It

Posted on May 15, 2008

Inquiring minds have been pondering Volcker's latest statements regarding stagflation, the CPI, regulation of banks, and even the need for an administrator to watch over the Fed.Let's see where Volcker is right and wrong with his analysis of the current economic situation and what to do about it.The US economy is not now in the kind of stagflation crisis it had been in, in the late 1970s, former Federal Reserve Board Chairman Paul Volcker told Congress today, but it's not impossible.'I think there is some resemblance now to inflation in the early 1970s,' he warned the Joint Economic Committee....

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