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Friday, August 04, 2006

The Fed Facade

Experience has proved that a rising level of business activity does not create inflation, nor does a rising level of interest rates control inflation.  Both are discredited liberal economic doctrines that survive in public misperception only because too many college economics professors continue to preach scientistic socialism.  Yet this is the doctrine publicly espoused by the Federal Reserve Board.

Posted by Thomas E. Brewton on 08/04 at 01:51 AM
Economics • (0) Comments
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