Wednesday, December 22, 2010

Mish Shedlock thinks Kucinich end the fed bill lunacy

Fatally Flawed "End the Fed" Proposal from Rep. Kucinich would Allow Congress to Print Money into Existence for Essentially Anything

Once again, I'm not the economist here. But this gives rise to a few questions I have for Mish Shedlock.

Tell me why it's better that a privately owned, secret organization now has the power to create money out of thin air and give it to whomever they damn well choose, behind closed doors with no oversight, than it is to give that same power to a body of representatives, elected by the people, responsible for the people and accountable to the people, requiring also that this be done in broad daylight?

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