March 22, 2008

Is It Time To Abolish The Fed?

In the midst of the current financial crisis facing the US and for that matter the global economy as a whole, and in light of the Federal Reserve's recent activities in terms of interest rate cuts and pumping liquidity into the markets, there's been a lot of heated discussion about the role of the Fed as a whole.

Ron Paul has even called for the Federal Reserve to be abolished. What do you think? Do you agree with him? Click on the following link to hear his argument and to make your own mind up:

Even if you don't agree with him, it's hard to argue that the Fed hasn't made some bad decisions in recent years, as Helen Anderson argues in an excellent article she's written entitled '5 Reasons Why The Federal Reserve Is A Failure'. Here's the link if you wish to read more:


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