March 21, 2013 by History in a Hurry
In this article, historian Tom Woods and economist Bob Murphy refute the Huffington Post’s lies about the Federal Reserve.
HuffPo’s 11 Myths About the Fed, Refuted
by Tom Woods on October 9, 2012
(by Tom Woods and Bob Murphy)
The other day the Huffington Post ran an article by a Bonnie Kavoussi called “11 Lies About the Federal Reserve.” And you’ll never guess: these aren’t lies or myths spread in the financial press by Fed apologists. These are “lies” being told by you and me, opponents of the Fed. Bonnie Kavoussi calls us “Fed-haters.” So she, a Fed-lover, is at pains to correct these alleged misconceptions. She must stop us stupid ingrates from poisoning our countrymen’s minds against this benevolent array of experts innocently pursuing economic stability.
Here are the 11 so-called lies (she calls them “myths” in the actual rendering), and our responses.