Federal Reserve

Don Rasmussen is Director for Operations at the Campaign for Liberty. He comments on Saturday's "End the Fed" rallies held in 39 U.S. cities.

ARLINGTON, VA -- You would think that a 39 city protest involving thousands of people might warrant a national wire story, maybe a mention on cable news, but no. Reporters don't understand the issue and therefore they ignore it. Of course this can be said for most of the important issues that affect people's lives. Hence we get wall-to-wall coverage of the Obama daughter's educational preferences. Fiddling while Rome burns seems almost understated.

This article appeared on Cato .org on June 13th.

WASHINGTON, D.C -- Like the child who murders his parents and then asks for pity because he's an orphan, the Federal Reserve has a long history of asking for more regulatory powers to clean up messes for which its action or inaction is the primary cause.