“Senator Bernard Sanders of Vermont said on Wednesday that he would try to block the Senate from confirming Ben S. Bernanke to a second term as chairman of the Federal Reserve…. Mr. Sanders, an independent, is not a member of the Senate banking committee, but he has frequently accused the Federal Reserve of bailing out Wall Street firms and the banking industry at the expense of ordinary citizens.” (New York Times, Thursday)
It’s not the man but the institution.
FEE Timely Classic
“The Fed’s Potent Power” by Donald J. Boudreaux