Comment

Barney Frank Surrenders to the Paulians

508
Phanatic8/31/2009 12:35:51 pm PDT

Maybe Kilgore and Wrenchwrench can both find the same document to copy-and-paste from to attack similar facts from Cyd Malone, here:

mises.org

The value of the dollar dropped *40%* during Volker’s tenre. The value of the dollar dropped *44%* during Greenspan’s tenure. It’s continued to drop during Bernankes. If you seriously want to claim that the Fed has been successful at controlling inflation, provide some evidence to counter the fact that a US dollar in 1910 bought pretty much the same amount of goods and services as it did in 1850 (in fact, it bought slightly more).

That’s how rational people decide which policies to adopt: reason and evidence. Not by pointing out that oh, Cyd Malone, he likes drum-and-bass and popping nitrate when he’s not matriculating in public.