It is time to restructure US Federal Reserve after major flaws in the last twenty-five years

Description

US Federal Reserve and US Administrations are responsible for the current US depression and world recession. The Federal Reserve had unqualified people run it since 1980. The fiscal management was not only lousy; it did not make any sense. Volker, Greenspan and now Bernanke focused on theoretical measures. They never cared to understand the real dynamics of modern developed economies. Simply put they are an unqualified bunch that should be teaching in universities rather than running the world’s most vibrant economy.

Original URL

http://www.indiadaily.com/editorial/20542.asp

http://www.indiadaily.com/editorial/20542.asp