Reasons not to audit the FED

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Ken C's picture
Ken C
Status: Platinum Member (Offline)
Joined: Feb 13 2009
Posts: 753
Reasons not to audit the FED

I just finished watching an interview on Bloomberg. The talking heads were discussing auditing the Fed. with David Malpass (former Chief economist at Bear Stearns).

Malpass indicated that because the Fed had made so many transparent and easy to recognize mistakes in recent years that there was really no reason to audit them.  The logic of that argument escapes me. Basically, he says the we can see many of their mistakes so there is no need to look closely to find more mistakes. What???

I guess that is why I could never be an economist.

Ken
 

LogansRun's picture
LogansRun
Status: Diamond Member (Offline)
Joined: Mar 18 2009
Posts: 1444
Re: Reasons not to audit the FED

Idiots.

investorzzo's picture
investorzzo
Status: Diamond Member (Offline)
Joined: Nov 7 2008
Posts: 1182
Re: Reasons not to audit the FED

Ron Paul Audit the Fed Bill update

http://economycollapse.blogspot.com/2009/07/ron-paul-audit-fed-bill-upda...

nickbert's picture
nickbert
Status: Diamond Member (Offline)
Joined: Jan 14 2009
Posts: 1208
Re: Reasons not to audit the FED

Wow.... I think Malpass' pharmacist might be giving him WAY too high a dosage on his medication 

- Nickbert

Cloudfire's picture
Cloudfire
Status: Diamond Member (Offline)
Joined: Sep 29 2008
Posts: 1813
Re: Reasons not to audit the FED
LogansRun wrote:

Idiots.

Concise.

 

Cloudfire's picture
Cloudfire
Status: Diamond Member (Offline)
Joined: Sep 29 2008
Posts: 1813
Re: Reasons not to audit the FED
LogansRun wrote:

Idiots.

Rats! . . . Double post!  (Not concise . . . )

 

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