The Federal Reserve is Often Proven Wrong

                                       

The Federal Reserve is often proven wrong. This has been the case in almost half their decisions we have gotten under the auspices of their governorships.

                       

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

                       

In the past, those in the Fed worried we may have deflation; they therefore inflated the economy, and added too much currency. In fact the Fed, almost automatically, has been on the side of targeting some inflation, in an attempt to prevent deflation.

                       

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

                       

And today is still aiding and abetting inflation. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)