Old Federal Reserve Speeches
The Federal Reserve is releasing a lot of data and old speeches and meeting minutes. Going through this is very instructive. We are going to have two stories about a series of speeches concerning Free Trade and Inflation. Speeches made from 1969 to 1981 are very, very illuminating because they show with fierce clarity, the 'solutions' the Fed chiefs wanted are DIRECTLY responsible for the huge mess we are in today with a giant trade deficit, giant government overspending, wild military adventures, off shoring, outsourcing and the weak dollar. What these guys wanted, they got. This is due to them blaming inflation on workers, not war mongers or crazed bankers. Namely, themselves.
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