Devalued Reserve - The American Spectator | USA News and Politics
Devalued Reserve

Beginning today (Tuesday) the Federal Reserve loses its customary reserve and joins the ranks of plain prognosticators. It will forecast the basic economiic measures of the economy: GDP, rate of inflation, unemployment, etc. It will do this not once but four times a year, with estimates going out for three years from the forecast time.

In short, what had been valued for its rarity and remoteness becomes another bunch of the boys, predictors in the dismal science, the mystery and thus the power stripped away.

Sign Up to receive Our Latest Updates! Register

Notice to Readers: The American Spectator and Spectator World are marks used by independent publishing companies that are not affiliated in any way. If you are looking for The Spectator World please click on the following link:

Be a Free Market Loving Patriot. Subscribe Today!