AUSTRIAN ECONOMICS ADDICT

When asked, “if you get rid of the Federal Reserve, what do you replace it with?”. Thomas Sowell answers, “When someone removes a cancer, what do you replace it with?”

You can read more about the Fed in this short article titled “Fed Up With The Fed?” by Thomas Sowell at jewishworleview.com.

This is a quote from  the article, “It is not politically possible for either the Federal Reserve or the Obama administration to leave the economy alone and let it recover on its own. Both are under pressure to “do something.” If one thing doesn’t work, then they have to try something else. And if that doesn’t work, they have to come up with yet another gimmick.”

This entry was posted on November 13, 2012 at 12:49 pm and is filed under Government and Politics. You can subscribe via RSS 2.0 feed to this post's comments.

Tags: Federal Reserve, Hoover Institution, Thomas Sowell