Notes re the Federal Reserve

There are certainly problems with the approach the Fed has taken during the Greenspan era. It's allergy to full employment is one. It's excessive trust in the free market is another, for example it's failure to raise stock margins during the bursting of the tech bubble. However, it is also the subject of the rabid imaginings of a whole cabal of conspiracy mongers. I found a couple of links courtesy of Crooks and Liars that I thought I'd post here for future reference.

The first is a series of points made by a professor of economics at Charleston College.

The second is a quick look at some of the more rabid right-wing populism involved.

Finally, here's the link to the overall article on Crooks and Liars.