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MISES DAILY ARTICLE | June 19, 2013
Unshackling the Fed

The very idea that the FOMC would function as faithful monetary eunuchs, keeping their eyes on the M1 gauge and deftly adjusting the dial in either direction upon any deviation from the 3 percent target, was sheer fantasy. And not only because of its political naïveté, something Nixon’s brutalization of the hapless Arthur Burns aptly conveyed.
 
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Securities and Investment Advisory Services offered through ING Financial Partners, member SIPC. Magellan Planning Group is not a subsidiary of nor controlled by ING Financial Partners. J. Kevin Meaders is registered to sell securities in AL, AZ, CA, CO, FL, GA, IL, IN, MD, MO, NC, OH, PA, SC, TN & VA and licensed to sell insurance in AL, FL, GA, IN, PA & TN.