Federal Reserve

Organization of the Federal Reserve System

Image via Wikipedia

There’s a lot of discussion about the Federal Reserve. Here is a good example which links to a lot of supporting information, apparently on all sides of a many sided issue. Confused? Well, it’s complicated and unless you really want to dig in deep, it’s beyond our ability to have a meaningful opinion. Not that that stops folks. My view is that life’s too short to do the work required to understand it all. I punt. I think most of us have. This opens a window of opportunity for all kinds of crackpots, charlatans, and loonies to win the war of words, but we can’t watch everything all of the time. There’re a lot of smart guys and gals trying to do the right thing, but they could be as wrong as a snowstorm in July.

If there was ever an invitation to humility, this is it.


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