Saturday, July 03, 2010

Too Hard to Evaluate, Much Less Criticize

This is a dangerous, but typical development. A Federal Reserve economist goes on record saying that the electorate (you know the ones who pay his salary and are subject to all the horrors he and his colleagues contrive) are not qualified to evaluate or criticize the policies the Fed imposes on us. Seems like a trial balloon to eventually outlaw such "bashing" from the unwashed masses. Thankfully several people in the media have reacted to it, among them: Pritchard and Ritholtz.

2 Comments:

Blogger Doug Reich said...

Wow!!! Amazing. Thanks for bringing this to our attention.

9:16 AM  
Blogger Amit Ghate said...

Yeah, unfortunately things are so bad that none of us can keep up with all of the incursions against our liberties.

1:26 PM  

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