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Mises Economics Blog

Pumping the flu-suffering patient with mercury

December 22, 2008 10:09 PM by Tim Swanson | Other posts by Tim Swanson | Comments (7)

In last weekend's WSJ, Jim Grant penned perhaps the most scathing indictment of both the Federal Reserve and central banking as a whole.

Bravo Jim and might I add: heroic.

Comments (7)

  • Friedrich

  • Very well written indeed. Chance of getting heard?
    Near zero

  • Published: December 23, 2008 2:10 AM

  • Jake Taylor

  • Great article. I wish I could be that eloquent when I'm ranting about this subject to friends and family. :)

  • Published: December 23, 2008 2:49 AM

  • John Whaley

  • Jim Grant points us to the Fed's weekly H4.1 report to witness the explosion of the Fed's balance sheet. The numbers are indeed amazing, but here is a simple statistic:

    In December of 2007, the "Factors Affecting Reserve Balances" report covered four PDF pages.

    In the latest release, December 18, 2008, the PDF has exploded to ten pages.

    Explains it all for me.

  • Published: December 23, 2008 8:06 AM

  • William Rader

  • A very well written article that deserves a wide readership. Very demoralizing, however, to continually read articles that show how we are needlessly creating our own "Lost Generation."

  • Published: December 23, 2008 8:05 PM

  • Saty

  • I did not thinki, that it could be possible..

  • Published: February 6, 2009 11:28 AM

  • Britany

  • It's sp interesting for m! Thanks!

  • Published: February 10, 2009 5:11 AM

  • Diarmainvanna

  • Теперь я скажу несколько слов о подводке к дичи молодой собаки и о ее стойке.(В работе собаки по дичи следует различать 4 момента (подразделения) ее работы:

    1 — поиск, длящийся до того момента, как собака начнет причуивать признаки присутствия дичи в доступном для ее чутья расстоянии;

    2 — потяжку — работа собаки, разбирающейся в донесшемся до нее запахе до момента окончательного определения ею наличия дичи; эта работа заканчивается

  • Published: April 15, 2009 5:02 AM

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