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Source link: http://archive.mises.org/10534/an-incredible-flash-of-insight-that-cant-last/

An Incredible Flash of Insight that Can’t Last

August 27, 2009 by

The Fed’s job approval rating is lower than the IRS’s, and congratulations to Gallup for having the insight to spot the analogy between the two institutions.

{ 11 comments }

vlad popovic August 27, 2009 at 9:15 am

I am stunned that 30% of the population actually thinks the Fed is doing a good job. Where do they find these people?

J Cortez August 27, 2009 at 9:19 am

They probably had a bunch of people from Goldman Sachs in their polling sample.

Dennis August 27, 2009 at 9:22 am

Speaking of the Fed and the IRS, abolishing the Fed and repealing the constitutional amendment permitting the establishment of the federal income tax would significantly reduce the size of the leviathan federal government and further prosperity, liberty, and justice. The Fed and the federal income tax are two of the federal state’s most potent weapons to increase its power at the expense of the individual and society.

2A August 27, 2009 at 9:23 am

“Where do they find these people?”

Probably working for the government or voting democrat.

Jonathan August 27, 2009 at 9:44 am

One of the people voting was probably my econ teachers. Two days into class and he’s already singing the praises of the Fed and Mr. Bernanke.

Lysander26 August 27, 2009 at 10:33 am

I see Gallup repeats the nonsense of Paul’s bill undercutting the independence of the Fed

RWW August 27, 2009 at 12:05 pm

…abolishing the Fed and repealing the constitutional amendment permitting the establishment of the federal income tax would significantly reduce the size of the leviathan federal government…

Ha, yeah, and so would personal faster-than-light travel. Of course, the latter is much more likely.

independent???????? August 27, 2009 at 12:08 pm

“I see Gallup repeats the nonsense of Paul’s bill undercutting the independence of the Fed”

how can an independent branch of government be constitutional? i don’t see an article in it for the “independent” branch.

Paul D. Silverman August 27, 2009 at 12:24 pm

Jonathan,

Go to this link & watch the PowerPoint for Sustainable and Unsustainable Growth (2006/2009). You can use it to refute your prof.

http://www.auburn.edu/~garriro/ppsus.htm

Bruce Koerber August 27, 2009 at 2:14 pm

Money and Ethics
Thursday, August 27, 2009

Why Does The Gallup Poll Suggest Fed Unpopularity?

Do you think that those in charge are not aware of this unpopularity? If they are then why re-appoint Bernanke?

Because he does exactly what they want him to do. It is his “independence” that they like so much.

He is independent of ethics and economics. He is independent of what the people in America think about the fascist connection to Wall Street. He is independent of restraint of the money supply. He is independent of savings and loanable funds.

It is his independence that allows him to have a foreign policy outside the constraints of Congress.

Yes we need independence for the Federal Reserve just like Bernanke and Geithner suggest.

But the real problem is that Bernanke and Geithner are agents of the unConstitutional coup!

Jane August 27, 2009 at 3:55 pm

I have to object to calling the fed an “agency” like the article does, implying it’s a public institution rather than the cartel that it is.

I know I’m being picky on technical language, but it’s that type of wording that gives the fed a false sense of credibility to most people.

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