Why Rely on the Federal Reserve?

We make a habit of using Federal Reserve actions as responsible, even though they are often proven wrong. This has been proven by the decisions we have gotten in the past couple of years.

We have to remember that economists are fallible, even when they direct the Federal Reserve.

In the more distant past as well, those in the Fed worried we may have deflation and therefore inflated the economy, and added too much currency. In fact the Fed, almost automatically, has been on the side of abetting inflation, in an attempt to prevent deflation.

Thus, the Fed has been the chief culprit causing the bubbles which invariably lead to busts and eventual recessions.