I'd like to pose a few questions to Frederic Mishkin,Bloomberg:
U.S. Representative Ron Paul’s proposal to allow audits of the Federal Reserve’s monetary policy is "incredibly dangerous" and could stoke inflation, said Frederic Mishkin, a former Fed governor.Here is a small set of questions:
"The Ron Paul bill is incredibly dangerous," said Mishkin, who is now a Columbia University professor, in a Bloomberg Radio interview. "It is remarkable the kind of attacks that are occurring on Fed independence."
- How much power given to unelected officials is 'too much'?
- Why should a power such as the Federal Reserve exist without an explicit Constitutional Amendment to support it?
- Why is the view that the Federal Reserve is an undemocratic cartel 'remarkable'?
- How specifically would you refute the claims of the Austrian Economists who argue that you and your ilk preach, more or less, Economic Global Warming?