EconoMonitor

Great Leap Forward

Time to Downsize the Fed

Nice video on the Fed:

http://dailybail.com/home/the-fed-under-fire-the-federal-reserve-is-the-black-hole-in.html

If anything, the video understates the problem. The Fed’s bail-out of Wall Street Fraudsters actually sums to $29 Trillion. Yes, that is Trillion with a capital T.

I will soon post research to support that number.

19 Responses to “Time to Downsize the Fed”

SergioNovember 13th, 2011 at 11:47 pm

I like Obama better than the Republicans, BUT it's incredible how much corruption he has tolerated. I agree with some of Ron Paul's points of views, but his obsession with the gold standard makes me a bit weary.

brolltheamericanNovember 16th, 2011 at 1:28 am

Randall, your blog's comment section has been taken over by spammers. Time to tighten the controls. Interested in seeing the details of the $29 Trillion.

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odzyskiwanie danychDecember 9th, 2011 at 3:55 am

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Sybil MorgretDecember 9th, 2011 at 10:36 pm

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odzyskiwanie danychDecember 11th, 2011 at 10:34 pm

Following up on Bob’s point, Ovadyah, RSFH was fighting a rearguard action from the right, not the left. He most certainly was not engaged in slaughtering sacred cows in the way I think you mean. Recall that during his time, the now-dominant outlooks that together coalesce in the Lithuanian yeshiva movement were in their infancy, and were mostly of concern to Lithuanians. R’ Hirsch had complete hashkofic and rabbinical autonomy in the orthodox Jewish sphere of his concern, and was among the senior rabbonim in Germany both in terms of office and seniority. (His level of seniority can be overstated, and sometimes is — Chief Rabbi of Moravia, which he was before he took over the position in Frankfurt, was not exactly top rabbinical banana — but I believe I can stand by this point.) So he was not “fighting Lakewood” or Bnei Brak or something like that. He was responding to a cultural and historical moment, for sure, where to speak to Germans and tell them that the culture in which they took so much pride should be irrelevant to their lives would have resulted in a very lonely and quickly irrelevant rabbinical existence — and because of the circumstances of this moment in time and place, today’s dominant outlook is that his philosophy was indeed a horaas sha’ah, an emergency measure.

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