When the Fed Talks…

December 31st, 2007 at 07:01am Brian Conroy

  Brian P. Conroy, CFP® 

Did you ever notice how every time the stock market and/or economy hiccups, all eyes and ears go to the Federal Reserve?  What will they do?  What is the Fed chairman Ben Bernanke saying?  Will they lower rates enough?  Will they trigger inflation?  What is the former Fed chairman Alan Greenspan saying today?  Too much in my opinion!  For some perspective I suggest having a look at renowned economist Milton Friedman’s classic 1980 PBS TV series “Free to Choose.”  You can see it for free (how’s that for  Economical ?) at http://www.ideachannel.tv/     

As we enter another election season remember, many believe the FED has a bigger impact on the economy than the person sitting in the White House.  Before his death last year, Friedman spoke often of the dangers of an intrusive government and the key role that a free competitive economy plays in making a free society possible.  Watch volume 3 of the classic 1980 series “Free to Choose” to learn more about how the federal reserve attempts to “gently guide” our economy.   You might be surprised how not boring it is.

Entry Filed under: Investments