Re: Yet Another Beltway ‘Libertarian’ Defense of the Fed

Email Print

Tom, not only does Cato’s Bill Niskanen praise Bernanke’s job performance (as I also noted here), but here we have Cato Senior Fellow and former president of the St. Louis Federal Reserve Bank William Poole worrying about Congress “damag[ing] the independence of the Fed.” Why, that would be terrible! How can the Fed “do its job” if it is not “independent”? Imagine the havoc it might wreak on the economy!

8:51 am on June 19, 2009