Littmann: Hold Fed Accountable

Senior Economist David Littmann recently wrote in a Detroit News Op-Ed about the need to hold the Federal Reserve Board accountable for the damage it has done to the American economy.

Littmann said the Fed “purposely chose to inflate the entire price level of the U.S. economy” and that “inflation-recession cycles of 1979-82 and 2005-09 reflect the Fed’s complicity in Washington’s political efforts to shove the price effects of oil and housing, respectively, under the carpet.”

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