Federal Reserve Wrong Actions

We make a habit of considering Federal Reserve actions responsible; they are often wrong. This has been proven by the decisions we have gotten in the past few 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. (See the Earl J Weinreb NewsHole® comments.)