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Tuesday, November 24, 2009

The Fed audit argument doesn't hold water


Mishkin hates the idea of an audit of the Fed. Somehow they say this threatens the independence of the Fed. Supposedly this is a slippery slope.

His argument just doesn't hold water.

There are strains on the Fed's balance sheet, and the market already sees the strains.

Why do you think the world is p*ssing on the dollar and buying gold?

Audit the Fed!!

3 comments :

Anonymous said...

Dude that picture is just wrong!

Anonymous said...

Palmoni- any advice on LIZ? just hold?

Thanks

palmoni said...

I'm a holder of LIZ