While half the population is in awe of our president’s multi-phase Apology Tour 2009, no one is minding the store. In the last eight months, the Federal Reserve has made $9 trillion (okay, that’s $9,000,000,000,000) in off-the-books, unaccountable transactions. Anyone concerned? This video is courtesy of The Daily Bail.
In the video, House Democrat Alan Grayson questions Elizabeth Coleman, Inspector General of the Federal Reserve on the ever-expanding im-balance sheet of the Fed. If you or I played fast and loose with a bare millionth of that amount we’d be in the slammer for years. Who is minding the store?
June 11th, 2009 10:02 am
This insightful article coincides with this post, and your recent post on Reagan.
http://online.wsj.com/article/SB124458888993599879.html
Laffer (known for the laffer curve) influenced Reaganomics in a huge way.
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