"There are men, in all ages, who mean to exercise power usefully; but who mean to exercise it. They mean to govern well; but they mean to govern. They promise to be kind masters; but they mean to be masters." Daniel Webster

Monday, May 25, 2009

Keeping a Wary Eye on Obama, Part IV

The president of the Dallas Federal Reserve fears that the Fed's purchase of "toxic assets" and government bonds might spark inflation. Naturally, the administration is now talking about removing the regional Fed presidents fom the Fed's policy-making committee.

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