Commentary

Anything You Can Do the Fed Can Do Better?

By Sam Batkins
Tuesday, September 01 2009

President Obama has now nominated Federal Reserve Chairman Ben Bernanke to a second term as the head of what some call the most powerful unelected body in the world. Bernanke has received praise for his efforts to ease the recession and to loosen credit markets in the wake of the recent financial crisis. However, a vocal minority of critics have begun to question not only the choices that the Federal Reserve has made lately but also the power and control that it wields. Free-market advocates generally approved of Bernanke’s famed predecessor, Alan Greenspan. Greenspan was once known as…

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