Saturday, March 5, 2011

Fed Economist Attacks

David Andolfatto, Vice President in the Research Division of the Federal Reserve Bank of St. Louis, found it easier to call Ron Paul names than to construct a rational argument based on facts. Even over-payed Fed economists can't compete with Ron Paul's economic knowledge.

David Andolfatto wrote, "The guy can be a real pinhead at times."

Starting an article by calling a person names is biased. And working for the third central bank of the United States also makes David. Those who work for the Fed know their cushy high-paying jobs are nearing the end. Therefore, they are attacking the messenger. It would be more productive to attack the failings of a command-and-control private monopoly bank known as the Federal Reserve.