Bought Economists

Government mouthpiece and well known Keynesian economist Paul Krugman makes the case for monetary easing and Fed intervention by claiming that the rising cost of food and gas has nothing to do with the Federal Reserve or the free money they’ve dished out to banks, both foreign and domestic, to the tunes of not billions, but tens of trillions of dollars.

http://www.shtfplan.com/headline-news/ridiculous-denial-rising-food-and-gas-prices-not-being-driven-by-fed-policy-the-dollar-hasnt-gone-down_05072012

Related:

The Federal Reserve, through its extensive network of consultants, visiting scholars, alumni and staff economists, so thoroughly dominates the field of economics that real criticism of the central bank has become a career liability for members of the profession, an investigation by the Huffington Post has found.

http://blog.mises.org/15351/priceless-how-the-federal-reserve-bought-the-economics-profession/

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